1 April, 2014
EUR USD, “Euro vs US Dollar”
Euro completed the third ascending impulse. We think, today price may form the fifth structure of this wave with target at 1.3826 and then start falling down towards level of 1.3765. Later, in our opinion, instrument may start new ascending wave towards level of 1.3990.
GBP USD, “Great Britain Pound vs US Dollar”
Pound reached new maximum and is still moving upwards. We think, today price may form consolidation channel and reversal pattern to start new descending wave with target at level of 1.6558.
USD CHF, “US Dollar vs Swiss Franc”
Franc completed another descending impulse and right now is consolidating near its minimum; this consolidation may be considered as the third wave. We think, today price may continue moving downwards to reach target at level of 0.8780.
USD JPY, “US Dollar vs Japanese Yen”
Yen rebounded from the upper border of its consolidation channel and may renew maximum of current wave. We think, today price may form reversal pattern to start new descending movement towards level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar formed another descending impulse. We think, today price may consolidate for a while and then form reversal pattern to start new descending movement towards level of 0.9200. Later, in our opinion, instrument may continue falling down to reach level of 0.9150.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still forming descending structure. We think, today price may reach level of 34.90 and then return to 36.20. Later, in our opinion, instrument may start new descending wave.
XAU USD, “Gold vs US Dollar”
Gold reached target of its descending movement. We think, today price may consolidate for a while, form reversal pattern, and start forming new ascending wave. Target is 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...