Investing.com - Financial Markets Worldwide
Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Forex Technical Analysis 14.05.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY

ByRoboForex
AuthorRoboForex
Published 05/14/2014, 10:11 AM
Updated 03/16/2022, 05:50 AM

EUR/USD expanded its consolidation channel downwards. The price may move up today as well and reach its target level of 1.3846. Following this, it may  continue falling to our target of 1.3700. The pair may form a consolidation channel in the form of a triangle pattern.

EUR/USD Chart

GBP/USD is forming the third descending wave. The market completed its first part and right now is correcting towards 1.6858. After reaching it, the pair may start another descending structure to break 1.6825 and then expand this trading range towards 1.6790. Following this, it may return to 1.6825 to test it from below and then continue moving downwards to reach the local target of 1.6750.

GBP/USD Chart


USD/CHF expanded its consolidation channel upwards. We believe this consolidation channel may expand down as well and reach 0.8806. Following this, it may form another consolidation channel in the form of a triangle pattern and continue moving upwards to reach 0.8955.

USD/CHF Chart


USD/JPY is still moving down. The market is forming another structure with a target at 101.37. Following this, it may return to 101.80 and then continue falling towards 100.00.

USD/JPY Chart


AUD/USD is trying to stay at current highs. We believe the price may reach 0.9415 today and then continue moving inside a descending trend towards 0.9200.

AUD/USD Chart


USD/RUB is still forming itsfifth descending wave, which may be extended to 34.46. We believe the price may reach 34.70 today and then continue rising to 35.40.

USD/RUB Chart


XAU/USD is forming its fifth ascending structure. We believe the price may continue rising today to reach our target level of 1321. Following this, the price may form a new correction to return to 1295.

XAU/USD Chart


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.