Technical analysis of forex price of 18 August 2014
Halloo Trader ... let us try to see price forecast forex technical analysis for several currency pairs that apply This today ..wish give great success of these observations
Technical analysis is my take based on the time frame please use h4 and in accordance with your own level of risk
The following are some of the results of technical analysis for each currency pair which you can see below
AUD/USD
According to the technical price patterns in the pair should go pattern down the price but it looks like the remnants of strength of the trend is still up there so maybe this couple looking for a new point of strong resistance to the actual trend in this week
XAU/USD
As we can see this couple to the pattern of rising prices the trip but it seems still a narrow range of movement as illustrated in the red line
EUR/USD
The pair is likely to experience a period reborn with the trend towards rising after last week experienced a trend turn but the possibility of price movements today are still strongly influenced by the fundamentals for the euro zone so the conclusion the pair is still in a period of consolidation may nevertheless based technical pattern the price will go up trend
EUR.JPY
The pair will be heading down trend after yesterday having contractions were fairly strong and kin travel patterns then obviously the price will go down trend as seen in the image above
USD/JPY
It seems that the pair will follow his twin brother who has a down trend
as seen in the picture above pattern is clearly visible for the trip down the pair
Well so my observations on several currency pairs Technical analysis of forex price of 18 August 2014 may provide maximum results for you
Please keep in mind this is just an analysis that is still awaiting confirmation of the correctness of the answer actually in the market price of the trip so stay alert and be careful in your trading and always use a level of risk that you are able to bear its own
