15 April, 2014
EUR USD, “Euro vs US Dollar”
Euro continues moving downwards. We think, today price may reach level of 1.3795 and then return to level of 1.3850. Later, in our opinion, instrument may start falling down again towards level of 1.3750. After that, we’ll see if pair is going to continue moving downwards or start new ascending movement.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still forming descending structure with target at level of 1.6677. After reaching it, price may return to level of 1.6735 and then complete this correction by falling down to reach level of 1.6640. After that, we’ll see if pair is going to reverse and move upwards or continue falling down towards level of 1.64320.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still forming ascending structure with target at level of 0.8825. After reaching it, price may return to level of 0.8780 and then complete this correction by growing up to reach level of 0.8840. After that, we’ll see if pair is going to continue growing up or continue moving downwards inside descending trend.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming ascending structure with target at level of 102.80. We think, today price may complete this structure and then continue falling down to break minimums and reach level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian is still forming descending impulse. We think, today price may reach level of 0.9330 and then return to level of 0.9390. This structure may be considered as head & shoulders reversal pattern. Later, in our opinion, instrument may continue falling down towards level of 0.9160.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is moving inside the third ascending wave with target at level of 36.20. After reaching it, price may form the fourth structure to reach level of 35.75 and then complete this ascending structure by growing up towards level of 36.60. Later, in our opinion, instrument may start new descending correction with target at level of 35.70.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating near level of 1322; this structure may be considered as continuation pattern. According to main scenario, price may continue moving upwards to reach target at level of 1357. By now, market has already broken ascending channel downwards and may continue falling down to reach level of 1305. Later, in our opinion, instrument may start new ascending movement to break current maximum.
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...