23 April, 2014
EUR USD, “Euro vs US Dollar”
Euro is still consolidating; market is forming continuation pattern to continue falling down. We think, today price may move downwards to form the third wave of this correction with target at level of 1.3750 and then return to level of 1.3800. Later, in our opinion, instrument may complete this correction by falling down and forming the fifth wave with target at level of 1.3710.
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. We think, today price may fall down towards lower order of this consolidation channel to expand it downwards a little bit and then start moving upwards to break upper border and continue growing up towards above mentioned target. Later, in our opinion, instrument may form reversal pattern to start new correction towards level of 1.6690.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still forming ascending structure with target at level of 0.8800, which may be considered as the third wave. After reaching it, price may return to level of 0.8830 and then complete this ascending structure by growing up and forming the fifth ascending wave.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still moving inside ascending wave with target at level of 103.00; right now market is consolidating inside the third ascending structure. We think, today price may reach above-mentioned target and fall down towards level of 102.40. Later, in our opinion, instrument may complete this correction by growing up and reaching level of 103.10. After that, market is expected to move downwards to reach level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar reached target of its descending wave. We think, today price may consolidate for a while, form reversal structure, and then start new correction towards level of 0.9370. Later, in our opinion, instrument may continue falling down.
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”
After market opening, Gold completed another descending structure and formed ascending impulse. We think, today price may continue forming ascending structure towards level of 1300 and then fall down to reach level of 1290. This structure may be considered as reversal pattern to continue growing up towards next 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...