22 April, 2014
EUR USD, “Euro vs US Dollar”
Euro broke its consolidation channel downwards and today may continue falling down towards level of 1.3750. Later, in our opinion, instrument may move upwards and return to level of 1.3800.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still moving upwards and forming ascending structure with target at level of 1.6905; right now market is consolidating. If it breaks this consolidation channel upwards, price will reach above-mentioned target. Alternative scenario implies that pair may leave this channel downwards and reach level of 1.6715.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still forming ascending structure with target at level of 0.8800. We think, today price may reach this level, and then start falling down again towards level of 0.8830. Later, in our opinion, instrument may form another ascending structure to renew maximum of this ascending wave.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still moving inside ascending structure with target at level of 103.00. We think, today price may fall down towards level of 102.20 and then start moving upwards to complete this correction. Later, in our opinion, instrument may continue falling down toward level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is returning towards level of 0.9370. Later, in our opinion, instrument may start forming new descending wave towards next target at level of 0.9286.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues moving upwards. We think, today price may reach target at level of 35.81 and then form another descending structure towards level of 34.78. Later, in our opinion, instrument may continue growing up to reach level of 36.00.
XAU USD, “Gold vs US Dollar”
Gold stopped near lower border of its consolidation channel and is still not traded due to the Easter. After market opening, we think price may continue forming ascending structure towards 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...