Forex Technical Analysis 18.09.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)
18.09.2013
Analysis for September 18th, 2013
EUR/USD
Euro is moving inside a consolidation channel near the level of 1.3360. We think, today the price may continue growing up and each the target at 1.3400. Later, in our opinion, the pair may start forming a reversal pattern for the fifth descending wave with the target at 1.3100.
GBP/USD
Pound is still moving upwards. We think, today the price may continue growing up towards the level of 1.5970 and then form a reversal pattern to start a new correction with the target at 1.5400.
USD/CHF
Franc is still consolidating. We think, today the price may break the level of 0.9255 and then continue falling down towards the target at 0.9227. Later, in our opinion, the pair may form a reversal pattern to start the fifth ascending wave with the target at 0.9460.
USD/JPY
The USD/JPY currency pair is still being corrected. We think, today the price may continue moving downwards to reach the level of 98.00 and then form a reversal structure to start another ascending wave with the target at 101.60.
AUD/USD
Australian Dollar continues forming an ascending structure towards the level of 0.9437. After reaching this target, the price may form a reversal structure towards the level of 0.9100 and then form another ascending wave to reach the target at 0.9480.
GOLD
Gold completed its descending structure and the whole correction. We think, today the price may form a reversal pattern to start a new ascending wave with the target at 1390.
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.