Forex Technical Analysis 13.11.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)
13.11.2014
Analysis for November 13th, 2014
EUR USD, “Euro vs US Dollar”
Euro hasn’t been able to form an ascending structure at a go; the pair is moving inside a narrow consolidation range. If the price breaks it upwards, the market may reach level of 1.2530; if downwards – continue falling towards level of 1.2310.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still under pressure; it continues falling and has already reached a new low. We think, today the price may return to level of 1.5840 to test it from below. Later, in our opinion, the market may move downwards to reach level of 1.5750 and then return level of 1.5900.
USD CHF, “US Dollar vs Swiss Franc”
Franc hasn’t been able to form a descending structure at a go; the pair is forming a narrow consolidation channel. If the price breaks it downwards, the market may reach level of 0.9600; if upwards – continue growing to reach a new high at 0.9750.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming a consolidation range near its maximum. If the price breaks it upwards, the market may expand this range up to level of 117.25; if downwards – continue falling towards level of 113.65.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is moving close to the top of its third ascending structure; the market is forming a consolidation channel, which may be considered as a continuation pattern. We think, today the price may break it upwards and reach level of 0.8815. Later, in our opinion, the market may return to level of 0.8700.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still moving inside a descending wave. We think, today the price may break this consolidation channel downwards and reach level of 43.36. Later, in our opinion, the market may return to level of 46.00 and then start forming the third descending wave.
XAU USD, “Gold vs US Dollar”
Gold is still moving inside pennant consolidation pattern. If the price breaks it upwards, the market may reach level of 1208; if downwards – continue falling towards level of 1100.
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.