Forex Technical Analysis 24.06.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Analysis for June 24^th, 2013

EUR/USD

Euro is still moving downwards; this morning the market formed a small gap down at its opening. We think, today the price may continue falling down to reach the level of 1.3075 and then form an ascending structure to return to the level of 1.3160. Later, in our opinion, the pair may continue moving downwards to reach the target at 1.2900.

GBP/USD

Pound is also moving downwards. We think, today the price may reach the first target of this descending movement at the level of 1.5340 and then return to the level of 1.5485, the second target. Later, in our opinion, the pair may start moving downwards to reach its third target at 1.5230.

USD/CHF

Franc continue moving upwards. We think, today the price may try to reach the level of 0.9440 and then start a descending correction towards the level of 0.9300. Later, in our opinion, the pair may form a new ascending structure to reach the target at 0.9480.

USD/JPY

The USD/JPY currency pair is still forming an ascending structure. We think, today the price may reach the level of 98.80 and then start a correction towards the level of 97.10. Later, in our opinion, the pair may complete this ascending wave by forming an ascending structure and reaching the level of 99.15.

AUD/USD

Australian Dollar continues moving near its minimums and forming a consolidation channel. We think, today the price may reach a new minimum and then grow up a little bit to return to the channel’s upper border. Later, in our opinion, the pair may continue falling down to reach the target at 0.88.

GOLD

Gold is also moving near its minimums and forming a consolidation channel. We think, today the price may reach a new minimum and then move upwards to return to the channel’s upper border. Later, in our opinion, the instrument may form another descending structure towards the target at 1250.



 
RoboForex Analytical Department