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Thread: Forex Technical Analysis

  1. #1
    RoboForex RoboForex Columnist's Avatar
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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 18.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDC



    EURUSD, “Euro vs US Dollar”

    EURUSD continues forming the ascending structure from 1.1074; right now, it is consolidating below 1.1129. Possibly, the pair may break this range to the upside and continue growing towards 1.1144. Later, the market may form a new descending structure to reach 1.1129 and then start another growth towards 1.1158 to complete this ascending wave. After that, the instrument may start a new correction with the target at 1.1000.

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