23 January, 2014
Euro is still forming its first ascending impulse. We think, today price may form the fifth structure of this impulse with target at 1.3600 and then start correction towards level of 1.3560. Later, in our opinion, pair may start forming another ascending structure to reach target at 1.3700.
Pound is still moving inside ascending wave. We think, today price may return to level of 1.6475 and then start new ascending movement towards level of 1.6680. Alternative scenario implies that pair may form another descending structure to reach level of 1.6260.
Franc is still being corrected. We think, today pair may form descending structure to continue moving inside descending trend. Target is at level of 0.9000.
Yen is still consolidating; market formed triangle pattern. We think, today price may move downwards to break level of 103.80 and then continue falling down to reach target at 102.75.
Australian Dollar is still being corrected to towards level of 0.8910. We think, today price may form the fifth ascending structure to reach above-mentioned target. After reaching it, pair form reversal structure and continue moving downwards to reach main target at level of 0.8400.
Gold is still consolidating; market formed descending structure towards lower border of this consolidation channel. We think, today price may grow up towards channel’s upper border, break it, and then continue growing up towards level of 1277.
RoboForex Analytical Department
The British Pound continues to grow on Wednesday. The currency is rather actively moving away from the previous local minimum. The current quotation of the GBP/USD pair is 1.5310. No one is talking about the pound moving above 1.55 yet there are too many external risks to which investors are not paying attention...
On Wednesday, the Japanese yen sharply strengthened in trading. Correction of the long-term low started on Monday, but enthusiasm by itself was not enough. And this morning there was a reason to continue selling in the USD/JPY pair...
Yesterday the euro/dollar "took advantage" of weak statistics from ADP in the US and moved up to new highs...
By the end of the week the USD/JPY pair stopped falling as significantly as was observed...
After a short pause, the main currency pair is dropping again – sympathy of investors remains...
After a frantic and nervous January the euro/dollar seems to have...
The Eurocurrency needs very little for happiness: good statistics - and the main currency pair jumps up...
Euro has returned to test triangle pattern from below. We think, today the price may fall towards level of 1.2400 and then form a consolidation channel. If later the channel is broken downwards, the pair may move downwards to reach level of 1.2200...
Euro is forming the third ascending structure. We think, today the price may reach the target at level of 1.2900 and then start a new correction towards 1.2670...