Analysis for September 30th, 2013
The market was opened with a gap down this morning. We think, today the price may reach the level of 1.3420. Right now, the market is expected to form a consolidation channel near the level of 1.3490. After forming three structures inside this consolidation, the pair may continue falling down towards the above-mentioned target.
Pound continues forming an ascending structure. We think, today the price may move downwards to test the level of 1.6100 from above and then continue growing up to reach the level of 1.6250.
Franc is still moving downwards; the market broke its consolidation channel downwards. We think, today the price may return to the level of 0.9100 to test it from below and then continue falling down towards the next target at 0.8940.
The market was opened with a gap today and the USD/JPY currency pair broke the level of 98.30. We think, today the price may reach the next target, which is at the level of 97.48 and then return to eliminate the gap. Later, in our opinion, the pair may stat forming a new descending structure towards the target at 97.00.
Australian Dollar reached its local target. We think, today the price may return to the level of 0.9375 and then start a new descending movement to reach the level of 0.9225.
The market was opened with a gap up this morning and Gold reached the target at 1350. We think, today the price may fall down towards the level of 1320, thus forming a narrowing trading range, triangle
pattern. Later, in our opinion, the instrument may leave the pattern downwards and reach the target at 1280.
RoboForex Analytical Department