Forex Technical Analysis 15.10.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

15.10.2013

Analysis for October 15th, 2013

EUR/USD

Euro is still moving inside an ascending structure; the market is forming a continuation pattern. We think, today the price may break the pattern’s top and then continue growing up towards the level of 1.3630.



GBP/USD

Pound is also moving upwards; the market is forming a continuation pattern. We think, today the price may break the top and reach the target at 1.6030. Later, in our opinion, the pair may form a slight correction and then start another ascending structure.



USD/CHF

Franc is still falling down. We think, today the price may break yesterday’s minimum and then continue moving downwards.



USD/JPY

The USD/JPY currency pair renewed the top of its ascending wave; the market started forming a descending impulse. We think, today the price may continue falling down to reach the level of 97.50.



AUD/USD

Australian Dollar continues forming an ascending structure. We think, today the price may reach its local target at 0.9565 and then start forming the fourth wave, the descending one, towards the level of 0.9230.



GOLD

Gold reached the level of 1288 and right now is moving towards the level of 1252. We think, today the price may reach the above-mentioned level and the start forming a new ascending structure with the target at 1315.



 
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.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.

Call back
Ask a question