Investing.com - Financial Markets Worldwide
🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Forex Technical Analysis 18.12.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY,

ByRoboForex
AuthorRoboForex
Published 12/18/2013, 09:01 AM
Updated 03/16/2022, 05:50 AM
EUR/USD
-
GBP/USD
-
USD/JPY
-
USD/CHF
-
AUD/USD
-
USD/EUR
-

EUR/USDEuro is still moving inside consolidation channel; market couldn’t form descending structure. We think, today price may continue moving upwards to reach level of 1.3815 and then start new correction towards 1.3700.



GBP/USDPound formed triangle pattern inside its consolidation channel, broke it downwards, and right now is forminghead & shoulders pattern with target at 1.6100. We think, today price may test level of 1.6300 from below and then continue forming the second part of this descending wave, which may be considered as correction. Later, in our opinion, pair may start new ascending wave.



USD/CHFFranc is still moving downwards inside its consolidation channel. We think, today price may continue falling down to reach new minimum and level of 0.8820, return to level of 0.8960, and then move inside down trend again. If market rebounds from level of 0.8867 and reaches new minimum, it may continue falling down towards level of 0.8300.



USD/JPYYen reached level of 102.58. We think, today price may form new correction in the form of five-wave flagpattern to return to level of 103.37. Later, in our opinion, pair may continue moving inside down trend.



AUD/USDAustralian Dollar broke its trading range downwards and continues falling down. We think, today price may reach level of 0.8720 and then form new consolidation channel. Next target is at 0.8420.



GOLDGold couldn’t start ascending structure; market formed triangle pattern. We think, today price may break pattern’s lower border and continue falling down to reach level of 1210 and then test level of 1230 from below. Later, in our opinion, instrument may complete this descending wave by falling down and reaching level of 1195.




RoboForex Analytical Department

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.