16 April, 2014
EUR USD, “Euro vs US Dollar”
Euro completed the first structure of correction. We think, today price may return to level of 1.3850. Later, in our opinion, instrument may continue falling down towards level of 1.3750.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming ascending correction towards previous descending structure. Later, in our opinion, instrument may continue falling down towards level of 1.6640.
USD CHF, “US Dollar vs Swiss Franc”
Franc is correcting previous ascending structure. Later, in our opinion, instrument may form another ascending structure to reach level of 0.8835.
USD JPY, “US Dollar vs Japanese Yen”
Yen completed another wave of five-wave ascending structure. We think, today price may fall down towards level of 101.70 and then continue forming ascending structure to return to level of 102.70.
AUD USD, “Australian Dollar vs US Dollar”
Australian finished descending structure. We think, today price may return to level of 0.9395 and then continue falling down towards level of 0.9286.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is moving inside the third ascending wave with target at level of 36.20. We think, today price may fall down towards level of 35.99 and then continue growing up towards above-mentioned target. Later, in our opinion, instrument may move downwards to form the fourth wave with target at level 35.77 and then start the fifth wave of this correction with target at level of 36.60.
XAU USD, “Gold vs US Dollar”
Gold finished descending structure, which may be considered as correction towards previous ascending wave. We think, today price may continue moving upwards inside the third wave to reach target at level of 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...
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