31 March, 2014
EUR USD, “Euro vs US Dollar”
Euro is forming consolidation channel with ascending impulse. We think, today price may leave this channel upwards and continue growing up towards level of 1.3990. The first target is at level of 1.3820; it may be reached today.
GBP USD, “Great Britain Pound vs US Dollar”
Pound rebounded from level of 1.6600. We think, today price may form consolidation channel with descending impulse to stat the fifth wave of flag pattern towards level of 1.6430. The first target is at level of 1.6550, it may be reached today.
USD CHF, “US Dollar vs Swiss Franc”
Franc is moving downwards to reach new minimums. We think, today price may form consolidation channel with descending impulse to reach level of 0.8630. The first target is at level of 0.8770, which may be reached today.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming consolidation channel. We think, today price may form descending impulse continue falling down towards level of 100.00. The first target, which may be reached today, is at level of 101.84.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still forming descending structure; market is forming the second descending impulse. We think, today price may form the first wave with target at 0.9160 and then return to level of 0.9225. Later, in our opinion, instrument may continue its descending movement.
USD RUB, “US Dollar vs Russian Ruble”
At daily chart, Ruble completed its correction. We think, during this week price may form consolidation channel to form reversal pattern. Later, in our opinion, instrument may start new ascending structure to reach target at level of 37.50.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating. We think, today price may leave it downwards to reach level of 1272 and then start another ascending impulse towards level of 1335. Later, in our opinion, instrument may consolidate for a while and then continue growing up wave towards 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...