14 March, 2014
EUR USD, “Euro vs US Dollar”
Euro is consolidating again. We think, today price may reach level of 1.3815, reverse upwards, and then continue its ascending movement towards level of 1.3990.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still moving inside consolidation channel; market is forming correctional flag pattern. We think, today price may fall down to reach level of 1.6530 and then continue growing up towards the pattern’s upper border.
USD CHF, “US Dollar vs Swiss Franc”
Franc is moving towards level of 0.8730 to test it from below. Later, in our opinion, instrument may start forming descending structure to reach new minimums. Market is expected to form consolidation pattern to continue falling down.
USD JPY, “US Dollar vs Japanese Yen”
Yen formed another descending wave; market wasn’t able to reverse at level of 102.65. We think, today price may break its correctional channel and continue falling down. Later, in our opinion, instrument may reach level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming the third descending wave. We think, today price may reach level of 0.8900, form consolidation channel, and then continue falling down to reach level of 0.8690.
USD RUB, “US Dollar vs Russian Ruble”
Yesterday Ruble was consolidating inside narrow trading range and then broke it upwards. We think, today price may grow up towards level of 36.80 and form new, wide consolidation channel in the form of trianglepattern towards level of 37.50.
XAU USD, “Gold vs US Dollar”
Gold reached its predicted target and right now is forming descending structure towards level of 1352. Later, in our opinion, instrument may continue growing up to reach level of 1490.
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...