Forex Technical Analysis 29.08.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Analysis for August 29^th, 2013

EUR/USD

Euro is forming triangle pattern. We think, today the price may continue moving upwards to each a new maximum. Later, in our opinion, the pair may form a correction to return to the level of 1.3344 and then continue growing up towards the target at 1.3600.

GBP/USD

Pound completed its descending correction. We think, today the price may continue moving upwards to reach a new maximum. Later, in our opinion, the pair may form one more correction and then continue growing up towards the target at 1.5890.

USD/CHF

Franc is moving back to the level of 0.9250. After reaching it, the price may fall down towards the target at 0.9110. Later, in our opinion, the pair may return to the current levels one more time and then start a new descending movement.

USD/JPY

The USD/JPY currency pair is forming a correction to return to the level of 98.00. Later, in our opinion, the price may fall down to reach a new minimum and then continue moving downwards.

AUD/USD

Australian Dollar is moving back to the level of 0.8980. Later, in our opinion, the pair may continue falling down towards the target at 0.8800 and then start a more serious correction.

GOLD

Gold is being corrected; the target of this correction is at the level of 1386. Later, in our opinion, the price may form another ascending structure to reach a new maximum and then start a deeper correction towards the level of 1280.



 
RoboForex Analytical Department