25 March, 2014
EUR USD, “Euro vs US Dollar”
Euro reached its closest target; market formed three-wave structure so far. We think, today price may reach new maximum and level of 1.3885. Later, in our opinion, instrument may form the fifth wave of this correction towards level of 1.3735 and then continue growing up towards target at level of 1.3990.
GBP USD, “Great Britain Pound vs US Dollar”
Pound finished its first ascending impulse. We think, today price may reach level of 1.6600, form another descending structure towards level of 1.6430, and then start growing up to return to level of 1.6600 again.
USD CHF, “US Dollar vs Swiss Franc”
Franc reached its closest target. We think, today price may consolidate near level of 0.8825, reach new minimum at level of 0.8780. Later, in our opinion, instrument may complete this correction by forming the fifth ascending wave with target at 0.8875 and then continue falling down.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still consolidating. We think, today price may grow up towards level of 102.70 and then fall down to reach level of 101.90. Later, in our opinion, instrument may start new ascending movement to reach level of 102.75 and then continue moving downwards to reach 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming ascending structure with target at 0.9210. We think, today price may fall down to reach level of 0.9100 (at least) and then start moving upwards to reach above-mentioned target. Later, in our opinion, instrument may return to level of 0.9100 and then complete this ascending structure by reaching level of 0.9240. After that, pair may start new descending movement towards level of 0.8400.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still forming the third wave of descending correction. We think, today price may reach level of 35.70, return to level of 36.20, and then move downwards again to form the fifth wave of this correction and reach level of 35.55.
XAU USD, “Gold vs US Dollar”
Gold broke minimum of its descending impulse. We think, today price may form consolidation channel to continue falling down, which may be considered as the fourth wave. Target is at level of 1279 (at least). Later, in our opinion, instrument may form the fifth ascending wave with target at level of 1435.
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...