Forex Technical Analysis 02.10.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)
02.10.2013
Analysis for October 2nd, 2013
EUR/USD
Euro completed the central part of its continuation pattern and started forming the right one. We think, today the price may fall down to reach the level of 1.3477 and then continue moving upwards.
GBP/USD
Pound is moving downwards. We think, today the price may reach the level of 1.6120 and then grow up towards the level of 1.6290. Later, in our opinion, the pair may form another descending structure.
USD/CHF
Franc completed its descending structure. We think, today the price may start forming a new ascending structure to test the level of 0.9100 from below. Later, in our opinion, the pair may continue moving downwards.
USD/JPY
The USD/JPY currency pair is still falling down towards the target at 96.96. We think, today the price may reach this target and then start forming a consolidation pattern to continue moving downwards.
AUD/USD
Australian Dollar reached the local target of its ascending structure. We think, today the price may start a correction towards the level of 0.9360 and then form another ascending structure to reach the target at 0.9448. Later, in our opinion, the pair may start a new descending movement towards the level of 0.9270.
GOLD
Gold continues moving downwards. We think, today the price may reach the level of 1300 to test it from below and then fall down towards the level of 1260.
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.