4 April, 2014
EUR USD, “Euro vs US Dollar”
Euro is moving according to alternative scenario. We think, today price may reach level of 1.3685. Later, in our opinion, instrument may return to level of 1.3815 (the first ascending structure) and then continue growing up towards main target at level of 1.3990.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still forming correction; market is forming the first correctional structure of the fifth wave. Target of this first structure is at level of 1.6560. Later, in our opinion, instrument may return to level of 1.6620 to test it from below and then continue falling down towards target at level of 1.6430.
USD CHF, “US Dollar vs Swiss Franc”
Franc is moving according to alternative scenario. We think, today price may form another ascending structure towards target at level of 0.8955 and then continue moving downwards to return to level of 0.8820.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still moving near its maximums; market is forming consolidation channel. If price leaves it downwards< it will reach level of 103.00; if upwards – level of 104.40. Main scenario implies that pair may form reversal structure and continue falling down to reach level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar continues forming correction with target at 0.9250. Later, in our opinion, instrument may continue moving inside descending trend to reach main target at level of 0.8400. We think, today price may form reversal pattern and reach local target at 0.9170.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still consolidating. We think, today price may fall down to reach level of 35.40 and then start moving upwards to reach level of 35.85. Later, in our opinion, instrument may start new descending movement towards level of 34.84.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating near its minimums. We think, today price may start growing up and form the fifth 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...