Forex Technical Analysis 12.11.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)
12.11.2014
Analysis for November 12th, 2014
EUR USD, “Euro vs US Dollar”
Euro is attempting to continue forming an ascending impulse. We think, today the price may reach level of 1.2530, consolidate there, and then break it upwards. The target is at level of 1.2665. Later, in our opinion, the market may return to level of 1.2530 to test it from above. An alternative scenario implies that the pair may reach a new low.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is trying to form the third ascending structure. We think, today the price may consolidate and form an upside continuation pattern to reach level of 1.6053. Later, in our opinion, the market may return to level of 1.5930 to test it from above. An alternative scenario implies that the pair may reach a new minimum.
USD CHF, “US Dollar vs Swiss Franc”
Franc is trying to start falling inside the third wave. We think, today the price may reach level of 0.9605, form a consolidation range, and fall towards level of 0.9510. Later, in our opinion, the market may return to level of 0.9605 to test it from below. An alternative scenario implies that the pair may reach a new high.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming a consolidation range at the top of its ascending wave. We think, today the price may form a descending structure towards level of 113.97 and then return to level of 115.00. If later the market breaks this consolidation range downwards, the pair will continue falling towards level of 109.00; if upwards – expand this range up to 117.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is attempting to form the third ascending structure to return to level of 0.8700. Later, in our opinion, the market may return to level of 0.8686. An alternative scenario implies that the pair may reach a new low.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is forming a correction to return to level of 47.21. Later, in our opinion, the market may continue falling inside the third wave to break level of 45.00. The downside target is at level of 42.11.
XAU USD, “Gold vs US Dollar”
Gold is trying to return to level of 1178.00. After reaching it, the price may consolidate and continue growing towards 1208.00. Later, in our opinion, the market may fall towards level of 1178.50 to test it from above. An alternative scenario implies that the price may reach a new minimum.
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.