10 April, 2014
EUR USD, “Euro vs US Dollar”
Euro started forming descending impulse. We think, today price may fall down to reach level of 1.3754. The structure of this descending movement will help to define future scenario. If market forms flag pattern, instrument may continue growing up towards level of 1.4000.
GBP USD, “Great Britain Pound vs US Dollar”
Pound also started forming descending impulse. We think, today price may fall down towards level of 1.6640. The structure of this descending movement will help to define future scenario. If market starts forming flagpattern, pair may continue growing up towards level of 1.7000.
USD CHF, “US Dollar vs Swiss Franc”
Franc started forming ascending impulse. We think, today price may return to level of 0.8876. Market is expected to form flag pattern; the structure of this pattern will help to define future scenario. According to main scenario, market may continue falling down inside descending trend. However, alternative scenario implies that pair may yet try to reach new maximum.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still consolidating. We think, today price may return to level of 103.18 and then continue falling down towards level of 100.00. Alternative scenario implies that pair may reach new top at level of 104.20 and only after that start moving downwards to reach level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian is starting new descending impulse. We think, today price may form the first descending wave with target at 0.9230, return to level of 0.9370, and then continue moving downwards inside descending trend.
USD RUB, “US Dollar vs Russian Ruble”
Ruble tried to break level of 35.80. We think, today price may consolidate for a while and form continuation pattern to continue growing up. Local target of the third wave is at level of 36.20. Later, in our opinion, instrument may move downwards to reach level of 35.80 and test it from above.
XAU USD, “Gold vs US Dollar”
Gold finished another ascending structure and completed the first ascending wave; this ascending movement may be considered as the beginning of the fifth wave with target at 1435. We think, today price may form descending structure to reach level of 1295 (at least). This structure may be considered as correction towards the first ascending impulse. Later, in our opinion, instrument may grow up to reach target at 1357.
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...