17 April, 2014
EUR USD, “Euro vs US Dollar”
Euro continues falling down towards level of 1.3750. Alternative scenario implies that pair may move upwards to reach level of 1.3867 and then continue falling down towards next target of this descending structure.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming the fifth ascending wave of another ascending structure with target at level of 1.6905. Later, in our opinion, instrument may fall down towards level of 1.6690 and then continue forming correctional bullish flag pattern inside continuation pattern.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still consolidating inside and may form continuation pattern towards level of 0.8865; this correction may be considered as bearish flag pattern. Later, in our opinion, instrument may form another descending structure to reach level of 0.8630.
USD JPY, “US Dollar vs Japanese Yen”
Is moving inside another descending structure with target at level of 101.70. Later, in our opinion, instrument may grow up towards level of 102.70 and then return to level of 102.20.
AUD USD, “Australian Dollar vs US Dollar”
Australian is still forming ascending structure, which may be considered as correction towards previous descending movement; market has reached its minimum target. We think, today price may form another descending wave with target at level of 0.9286. Alternative scenario implies that pair may try to test level of 0.9395 from below and only after that start moving downwards.
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 35.88 and then form final ascending structure. Later, in our opinion, instrument may form the fourth wave of this correction with target at level 35.77 and then start the fifth one to reach level of 36.60.
XAU USD, “Gold vs US Dollar”
Gold tried to break the top of its first ascending impulse; right now market is consolidating and forming continuation pattern. We think, today price may continue moving upwards to reach level of 1320.85. Later, in our opinion, instrument may start another consolidation with continuation pattern towards 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...