27 March, 2014
EUR USD, “Euro vs US Dollar”
Euro is moving in the middle of its consolidation channel. We think, today price may expand this channel both downwards and upwards and then return to the middle. Later, in our opinion, instrument may leave it upwards and continue growing up towards target at level of 1.3990.
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues forming ascending correction with target at level of 1.6600; by now marker completed three structures of this correction. We think, today price may fall down to reach level of 1.6530 (at least), and then form another ascending structure towards level of 1.6600. Later, in our opinion, instrument may form new descending structure to reach level of 1.6430.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still consolidating. We think, today price may expand this consolidation channel to reach new minimum and then maximum. Later, in our opinion, instrument may continue falling down towards level of 0.8640.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still consolidating; right now market is trying to expand this consolidation channel downwards. We think, today price may reach new maximum at level of 102.70 and then continue falling down towards level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still moving inside narrow ascending channel. We think, today price may consolidate near current levels, form reversal pattern, and then continues its descending movement towards level of 0.8400.
USD RUB, “US Dollar vs Russian Ruble”
Market was opened with gap and Ruble broke previous descending channel. We think, today price may return to level of 36.20 and then start forming head & shoulders reversal pattern to continue moving upwards to reach target at level of 37.50.
XAU USD, “Gold vs US Dollar”
Gold broke its consolidation channel downwards. We think, today price may reach level of 1279.80. Later, in our opinion, instrument may form reversal structure to start the fifth ascending wave towards level of 1435.00.
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...