Forex Technical Analysis 27.09.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

27.09.2013

Analysis for September 27th, 2013

EUR/USD

Euro is forming a descending correction with the target at 1.3420; the market formed triangle pattern near the level of 1.3500. We think, today the price may grow up towards the pattern’s upper border and the move downwards to break the pattern downwards. The first local target is at 1.3445.



GBP/USD

Pound completed its five-wave ascending structure. We think, today the price may break the structure downwards and continue falling down to break its minimum, thus forming the third correctional structure. The predicted target is at 1.5830.



USD/CHF

Franc continues moving inside its narrow consolidation channel; the market has already formed diamond pattern. We think, today the price may leave the pattern upwards to reach the target at 0.9196.



USD/JPY

The USD/JPY currency pair is moving right in the middle of its another structure. We think, today the price may break it downwards and reach the level of 98.00. Later, in our opinion, the pair may grow up to break the level of 99.40 and then continue moving upwards to reach the target at 100.80.



AUD/USD

Australian Dollar continues moving near the minimum of its descending structure; the market is forming another structure to continue its descending movement. We think, today the price may reach the level of 0.9323 and then grow up towards the level of 0.9390. Later, in our opinion, the pair may start a new descending movement towards the target at 0.9250.



GOLD

Gold is forming an ascending structure with the target at 1350. We think, today the price may reach the target and then start falling down. The instrument may test the minimum, form a consolidation channel near the level of 1290, and then continue moving downwards.



 
RoboForex Analytical Department

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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