Article By RoboForex.com
Analysis for February 14th, 2014
EUR USD, “Euro vs US Dollar”
Euro formed ascending wave. We think, today price may form consolidation channel near the top of this wave and then continue growing up towards level of 1.3700. Later, in our opinion, instrument may form another consolidation channel and then continue moving upwards again to reach next target at level of 1.3900.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still consolidating near the top of this ascending wave; right now market is moving inside ascending structure with target at 1.6900. We think, today price may form consolidation channel and then leave it upwards. Alternative scenario implies that instrument may start slight correction and then continue growing up.
USD CHF, “US Dollar vs Swiss Franc”
Franc completed another descending wave and right now is consolidating near its top. We think, today pair may continue fall down to reach level of 0.8300. The closest intermediate target is at level of 0.8730.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still falling down; market formed five-wave structure, which may be considered as correction towards previous ascending movement. We think, today price may form new ascending structure to reach level of 104.00. Alternative scenario implies that instrument may fall down towards level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming ascending structure towards level of 0.9100. Later, in our opinion, instrument may form new descending structure towards level of 0.8880, consolidate for a while, and then continue moving inside descending trend to reach level of 0.8400.
XAU USD, “Gold vs US Dollar”
Gold is still moving upwards and forming ascending wave with target at level of 1315. We think, today price may form descending structure towards level of 1285 and then start new ascending movement to reach level of 1330.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
