Forex Technical Analysis 14.11.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

14.11.2014

Analysis for November 14th, 2014

EUR USD, “Euro vs US Dollar”

Euro has broken pennant pattern downwards. We think, today the price may continue falling towards level of 1.2310 and then return to level of 1.2466 to test it from below. Later, in our opinion, the market may start forming another descending structure towards level of 1.2200.




GBP USD, “Great Britain Pound vs US Dollar”

Pound is still forming a descending structure.  We think, today the price may expand this consolidation range towards level of 1.5620 and then form a correction to return to level of 1.5780. Later, in our opinion, the market may form another descending structure to reach a new low.




USD CHF, “US Dollar vs Swiss Franc”

Franc has broken pennant pattern upwards. We think, today the price may form an ascending structure to reach level of 0.9800 and then start a descending correction towards level of 0.9600. Later, in our opinion, the market may form another ascending structure to reach level of 0.9860.




USD JPY, “US Dollar vs Japanese Yen”

Yen has broken its consolidation range upwards. We think, today the price may continue growing to reach level of 117.25 and then return to level of 116.00. Later, in our opinion, the market may form another ascending structure to reach level of 118.00.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still consolidating near the top of its ascending wave. We think, today the price may fall towards level of 0.8625, as a correction. Later, in our opinion, the market may move upwards to reach level of 0.9915.




USD RUB, “US Dollar vs Russian Ruble”

Ruble is still moving inside a consolidation channel. We think, today the price may grow to test level of 47.21 from below. Later, in our opinion, the market may start forming a descending structure with the target at 44.09.




XAU USD, “Gold vs US Dollar”

Gold has broken pennant consolidation pattern downwards. We think, today the price may form another descending wave to reach level of 1140.40. Later, in our opinion, the market may consolidate again and form a downside continuation pattern with the target at level of 1108.



 
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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