19 March, 2014
EUR USD, “Euro vs US Dollar”
Euro is still consolidating and forming another continuation pattern near level of 1.3915. Later, in our opinion, instrument may leave this pattern upwards to reach level of 1.3990 and then continue start new correction towards level of 1.3740.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is reached level of 1.6550. We think, today price may start growing up towards level of 1.6740. Alternative scenario implies that instrument may continue falling down towards level of 1.6500 and then continue this correction towards level of 1.6400.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still consolidating. We think, today price may reach level of 0.8785 and then continue falling down towards main target at 0.8300.
USD JPY, “US Dollar vs Japanese Yen”
Yen continues moving downwards; market is forming continuation pattern. Main target is at level of 100.00. Later, in our opinion, instrument may start forming another ascending structure to reach level of 106.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar extended its correction and formed double top pattern. We think, today price may form reversal structure and then continue falling down to reach level of 0.8400.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still forming triangle pattern, which may be considered as correction. We think, today price may leave this pattern downwards and reach level of 35.50. Later, in our opinion, instrument may form another ascending structure to reach level of 37.50.
XAU USD, “Gold vs US Dollar”
Gold completed its first ascending impulse and right now is correction it. We think, today price may continue moving upwards to reach level of 1380. This ascending movement may be considered as a part of ascending structure towards 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...
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