Forex Technical Analysis 14.09.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)


Analysis for September 14th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is expanding its consolidation channel upwards; the pair has already reached the first target of this expansion. We think, today, the price may fall to reach 1.1236 and then start another growth towards 1.1385, thus completing this structure. After that, the pair may continue falling inside the downtrend to reach 1.1000.

GBP USD, “Great Britain Pound vs US Dollar”

Pound has broken its consolidation channel upwards and is trying to form the ascending structure towards 1.5634 (alternative scenario). We think, today, the price may test 1.5380 from above, break 1.5480 upwards, and continue moving according to the alternative scenario. At the same time, the main scenario still implies that the market may continue falling inside the downtrend to break 1.5165. Еhe local target is at 1.4900.

USD CHF, “US Dollar vs Swiss Franc”

Franc has almost reached the target of its correction. We think, today, the price may return to 0.9746 to test it from below, thus forming another consolidation channel. If the channel is broken upwards, the market may grow to reach 0.9870; if downwards – the correction may continue towards 0.9590.

USD JPY, “US Dollar vs Japanese Yen”

Being under pressure, Yen is falling. We think, today, the price may test 120.00 from above and then start forming another ascending structure with the target at 121.64. After that, the pair may fall to return to the center of this consolidation channel at 119.90.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has finished the ascending structure and right now is forming another consolidation channel at its top, expanding the channel upwards and downwards. The whole structure may be considered as the continuation pattern. Possibly, the pair may test 0.6982 from above. After that, the market may continue growing to reach the local target at 0.7195.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is sure to “monitor” the oil market behavior. We think, today, the price may reach 69.90 and then start forming a reversal structure to start falling inside the downtrend towards 52.50. The first target is at 63.00.

XAU USD, “Gold vs US Dollar”

After reaching new lows, Gold has started moving upwards. We think, today, the price may grow to reach 1112.70 and then test 1106.80 from above, thus forming diamond pattern. Later, after breaking the pattern upward, the instrument is expected to start growing towards 1220.00. However, if the pattern is broken downwards, the downtrend may continue to reach 830.00.

RoboForex Analytical Department


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.