Forex Technical Analysis 01.10.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Analysis for October 1^st, 2013

EUR/USD

Euro continues forming the central part of its continuation pattern. We think, today the price may reach the level of 1.3570 and then continue forming the right structure of the above-mentioned pattern.

GBP/USD

Pound is moving upwards and forming the central part of its continuation pattern. We think, today the price may reach the level of 1.6260 and then continue forming the right structure of the above-mentioned descending pattern.

USD/CHF

Franc is still moving downwards. We think, today the price may complete forming the central part of this continuation pattern by reaching the level of 0.9000. Later, in our opinion, the pair may continue forming the right structure of the above-mentioned pattern.

USD/JPY

The USD/JPY currency pair eliminated its gap. We think, today the price may continue falling down towards the local target at 96.97 and then return to the level of 98.60. Later, in our opinion, the par may move downwards again to reach the level of 96.00.

AUD/USD

Australian Dollar is still moving upwards. We think, today the price may reach the level of 0.9443 and then form a descending structure with the target at 0.9350 (at least). We are reminding you that the market is moving inside the third ascending wave with the target at 0.8550.

GOLD

Gold is moving downwards. We think, today the price may reach the level of 1314 and then the target at 1320. Later, in our opinion, the instrument may continue falling down to reach the local target at 1280.



 
RoboForex Analytical Department