Forex Technical Analysis 10.07.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)
10.07.2013
Analysis for July 10th, 2013
EUR/USD
After reaching new minimums, Euro is trying to start a new correction with the target at 1.300. Later, in our opinion, the pair may form another descending structure to reach the level of 1.2700.
GBP/USD
Pound reached new minimums and right now is starting an ascending correction to return to the level of 1.5200. Later, in our opinion, the pair may form another descending structure to reach the target at 1.4800.
USD/CHF
Franc reached new maximums and started forming a reversal structure for a new correction. The target of the correction is at 0.9470. Later, in our opinion, the pair may form another ascending structure to reach the level of 0.9800.
USD/JPY
The USD/JPY currency pair couldn’t reach the level of 101.76. We think, today the price may start a correction to return to the level of 97.70 and then form a new ascending structure towards the level of 101.75.
AUD/USD
Australian Dollar is being corrected towards the level of 0.9235. We think, today the price may continue moving downwards to reach the target at 0.8900 and then return to the level of 0.9000. Later, in our opinion, the pair may start falling down again towards the level of 0.8800.
GOLD
Gold continues moving inside an ascending structure with the target at 1270. We think, today the price may reach the target and then start forming a new descending structure to reach the level of 1150.
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.