18 April, 2014
EUR USD, “Euro vs US Dollar”
Euro is still forming the third structure of another descending wave. We think, today price may form consolidation channel and then continue falling down towards level of 1.3750. Later, in our opinion, instrument may return to level of 1.3810, thus forming continuation pattern to continue moving downwards.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still consolidating and forming the fifth ascending structure. We think, today price may reach new maximums and complete this ascending wave at level of 1.6905. Later, in our opinion, instrument may start more serious correction towards level of 1.6687.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still consolidating 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”
Yen is moving inside ascending structure with target at level of 103.00. We think, today price may form consolidation channel near level of 102.20. Later, in our opinion, instrument may break this channel upwards and continue growing up towards above-mentioned target.
AUD USD, “Australian Dollar vs US Dollar”
Australian is forming descending structure; market has already reached new minimum. We think, today price may reach level of 0.9377 to test it from below and then start new descending movement towards nest target at level of 0.9293.
USD RUB, “US Dollar vs Russian Ruble”
Market was opened with gap down this morning, and Ruble finished correction towards previous ascending structure. We think, today price may continue falling down towards level of 34.77. Alternative scenario implies that pair may return to level of 35.80 and then continue growing up to reach level of 36.60.
XAU USD, “Gold vs US Dollar”
Gold is still being corrected. We think, today price may form another ascending structure towards level of 1357. Later, in our opinion, instrument may start consolidating and form continuation pattern.
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...