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Thread: Forex Technical Analysis

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    Forex Technical Analysis

    Analysis for January 18th, 2013

    EUR/USD

    The EUR/USD currency pair continues forming another ascending structure. I think today the price may form a consolidation channel to break the level of 1.3400. The target of this wave is at 1.3500. Later, in my opinion, the pair may start forming a reversal pattern for a new correction towards the level of 1.3080.



    GBP/USD

    The GBP/USD currency pair hasn’t been able to form a pivot point yet. Today, in my opinion, the price may fall down and reach new minimums. I should note that this descending wave became weaker. Later, I think, the pair may start making a reverse upwards to reach the target at 1.6400.



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    Forex Technical Analysis & Forecast 20.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD



    EURUSD is still being corrected. Today, the price may grow to reach 1.1466 and then fall towards 1.1390, thus forming another consolidation range. If later the instrument breaks this range to the downside, the price may continue falling to reach the target at 1.1185; if to the upside – continue the correction towards 1.1566.

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