Forex Technical Analysis & Forecast 13.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has broken its consolidation range to the upside and may continue the current correction towards 1.0707. Possibly, today the price may reach 1.0683 and then fall with the target at 1.0637. After that, the instrument may continue growing to reach 1.0707.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still moving upwards and forming the fifth wave with the target at 1.2650. Possibly, today the price may reach 1.2587 and then fall towards 1.2500. Later, in our opinion, the market may grow to reach the above-mentioned target.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has broken 1.0040 to the downside and probably started the correction. Possibly, today the price may reach 0.9989 and then start another growth towards 1.0040. After that, the instrument may fall to reach 0.9970.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has reached another downside target. Possibly, today the price may test 110.03 from below and then fall to reach 108.50. After reaching new lows, the market may test 110.30 from below. Later, in our opinion, the market may continue falling towards 107.93.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has broken its consolidation range to the upside and almost completed the correction. Possibly, today the price may fall with the target at 0.7540.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is falling with the target at 55.50. Possibly, today the price may break 56.54. The local target is at 56.00.
XAU USD, “Gold vs US Dollar”
Gold has broken 1270 to the upside and may extend this ascending wave towards 1315. Possibly, the price may consolidate around 1281. Later, in our opinion, the market may start growing to break 1289.
BRENT
Brent has completed its descending correction and rebounded from 55.76. Possibly, today the price may continue growing to reach 57.30 and then form another consolidation range. After breaking the range to the upside, the instrument may grow to reach the upside target at 59.00.
RoboForex Analytical Department
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.