Forex Technical Analysis 12.11.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY,

EUR/USDEuro reached upper border of consolidation triangle and right now is moving towards lower one. We think, today the price may continue consolidating inside this triangle. Main scenario implies that later pair may leave this consolidation channel upwards. Alternative scenario suggests that Euro may reach new minimum and only after that start forming ascending wave. The first target is at 1.3544.



GBP/USDPound continues moving inside its fifth descending wave with target at 1.5900. We think, today the price may continue consolidating inside narrowing range and then leave it downwards to reach above-mentioned target. Later, in our opinion, the pair may start forming ascending structure to reach 1.6100.



USD/CHFFranc is still consolidating inside triangle at the top of ascending wave. We think, today the price may continue consolidating. Main scenario implies that market may leave this consolidation channel downwards. Alternative scenario suggests that price may move upwards to reach new maximum and then start forming descending structure towards 0.9067 (at least).



USD/JPYYen left its consolidation channel upwards. We think, today the price may reach 99.80, which is considered to be upper border of triangle from daily chart. Pair is expected to rebound from this level and continue falling down to break lower border and form descending wave towards 96.00.



AUD/USDAustralian Dollar continues falling down towards target at 0.9210. We think, today the price may reach local target of this descending movement at 0.9295. Later, in our opinion, the pair may return to 0.9480 to test it from below and then continue moving towards main target.



GOLDGold is still moving downwards to reach target at 1271. We think, today the price may reach local target at 1274 and then return to 1316 to test it from below. Later, in our opinion, the instrument may continue falling down towards its main target. This wave is considered to be the first wave inside the fifth one.




RoboForex Analytical Department