Forex Technical Analysis 30.07.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)
30.07.2013
Analysis for July 30th, 2013
EUR/USD
Euro continues moving inside a narrow trading range. We think, today the price may try to leave this range upwards, reach the target at 1.3330, and then start forming a reversal structure for a new correction towards the level of 1.3165. Later, in our opinion, the pair may form another ascending structure to reach the level of 1.3560.
GBP/USD
Pound is still moving inside a consolidation channel. We think, today the price may leave this channel upwards, reach the target at 1.5500, and then start a correction to return to the level of 1.5270. Later, in our opinion, the pair may form a new ascending structure towards the level of 1.5700.
USD/CHF
After reaching its target, Franc is forming a consolidation channel. We think, today the price may try to reach a new minimum and then start a correction to return to the level of 0.9400. Later, in our opinion, the pair may continue falling down towards the target at 0.9050.
USD/JPY
The USD/JPY currency pair is still consolidating near the current minimums. We think, today the price may reach a new minimum and continue forming a consolidation channel. The market may leave the channel upwards to start a new correction towards the level of 99.50. However, the main scenario still suggests that the pair may continue falling down to reach the target at 95.00.
AUD/USD
Australian Dollar left its trading range and right now is still moving inside the descending trend. We think, today the price may reach the level of 0.8960 and then return to the level of 0.9120. Later, in our opinion, the pair may continue falling down towards the target at 0.8900.
GOLD
Gold continues moving inside a consolidation channel. We think, today the price may move downwards to reach the level of 1300, grow up towards the level of 1350, and then fall down again towards the target at 1290. Later, in our opinion, the instrument may start a new ascending movement to reach the target at 1380.
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.