Home / Forex & Currency Exchange News / Forex Technical Analysis & Forecast 14.09.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Forex Technical Analysis & Forecast 14.09.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By RoboForex.com

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has broken 1.1928 to the downside and reached the local target at 1.1867. Possibly, today the price may be corrected to return to 1.1928 and the form another descending wave with the target at 1.1765.

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has broken the ascending channel and right now is moving downwards. We think, today the price may consolidate and then continue falling inside the downtrend to reach the first target at 1.3040.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has extended the ascending wave and finished it. Possibly, today the price may form another consolidation range near the highs. After that, the instrument may be corrected to the downside to reach 0.9525.

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has reached the target of the correction. We think, today the price may start falling towards 109.01 and then grow to reach 109.90. Later, in our opinion, the market may resume moving downwards with the target at 108.65.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has reached the predicted downside target. Possibly, the price may form another descending structure towards 0.7966. After that, the instrument may grow to reach 0.8280 and then fall with the target at 0.7928.

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is still consolidating. Possibly, the price may grow towards 58.42. Later, in our opinion, the market may continue falling inside the downtrend with the target at 56.40.

 

XAU USD, “Gold vs US Dollar”

Gold is still falling. We think, today the price may reach 1305. After that, the instrument may grow towards 1331 and then start forming the third descending wave with the target at 1285.

 

BRENT

Brent is trading above 54.60. Possibly, the price may move upwards and reach the local target at 55.15. Later, in our opinion, the market may be corrected to the downside towards 51.00 and then continue growing to reach 57.00.

 

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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Following a failed descending triangle formation, the pound is now clearly trying to reverse its long-term trend versus the Canadian dollar. The impending switch to an uptrend is signaled by the double bottom pattern on the weekly timeframe.

You can see the bottoms and the neckline marked by the yellow lines on the chart below. The cyan …

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