Forex Technical Analysis 30.08.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)
30.08.2013
Analysis for August 30th, 2013
EUR/USD
Euro fell down and reached the level of 1.3220. We think, today the price may form an ascending structure to reach new maximums and the level of 1.3480.
GBP/USD
Pound completed its descending correction. We think, today the price may reach the level of 1.5537 and then fall down towards the level of 1.5478. Later, in our opinion, the pair may form an ascending structure to test the level of 1.5580 and then continue moving upwards to reach the target at 1.5890.
USD/CHF
Franc completed an ascending correction. We think, today the price may continue falling down towards the target at 0.9110.
USD/JPY
The USD/JPY currency pair completed its correction. We think, today the price may continue falling down. The next target is at the level of 94.20.
AUD/USD
Australian Dollar is moving inside triangle pattern. We think, today the price may leave the pattern downwards and reach the level of 0.8800. We think, today the price may start forming a new correctional structure.
GOLD
Gold continues forming a descending correction. We think, today the price may reach the level of 1385 and then form another ascending structure towards the level of 1455. Later, in our opinion, the instrument may start a fast descending movement towards the target at 1280.
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.