Daily Forex Analysis
XAUUSD – 13.01.2017


Gold is growing. Possibly, the price may reach 1209. Later, in our opinion, the market may continue falling towards 1170.


EURUSD – 13.01.2017


The EUR/USD pair has completed the ascending structure and right now is consolidating around 1.0590. Possibly, today the price may continue consolidating and fall towards 1.0560. The main scenario implies that the instrument may continue falling inside the downtrend. An alternative one suggest that the market may try to grow with the target at 1.0730.


GBPUSD – 13.01.2017


The GBP/USD pair has completed the ascending impulse and right now is forming another one. Possibly, today the price may break 1.2272. The local target is at 1.2400.


USDCHF – 13.01.2017


The USD/CHF pair is consolidating around 1.0130. Possibly, today the price may continue forming this consolidation range. If later the market breaks this range to the upside, the instrument may continue growing inside the uptrend; if to the downside – start falling with the target at 1.0030.


USDJPY – 13.01.2017


The USD/JPY pair has reached the target of another descending wave. Possibly, today the price may return to 115.95 and then move downwards with the target at 113.21.


AUDUSD – 13.01.2017


The AUD/USD pair has expanded its consolidation range to the upside. Possibly, today the price may return to 0.7400 and form another consolidation range to fall with the target at 0.7300.