24 April, 2014
EUR USD, “Euro vs US Dollar”
Euro is trying to return to level of 1.3857. After reaching it, price may start forming another descending structure with predicted target at level of 1.3750. During this descending movement, pair is expected to form continuation pattern, which may help us to specify the target.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is moving downwards to reach level of 1.6756. Later, in our opinion, instrument may start new ascending movement towards level of 1.6905 and then start more serious correction.
USD CHF, “US Dollar vs Swiss Franc”
Franc is falling down towards level of 0.8800. After reaching it, price may grow up to reach level of 0.8880 and then return to level of 0.8830.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming descending structure with target at level of 102.15. Later, in our opinion, instrument may move upwards to reach level of 103.10and then continue falling down towards level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming ascending structure to return to level of 0.9375; market is expected to form five-wave bearish flag pattern. Later, in our opinion, instrument may continue moving inside descending trend towards level of 0.8400.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues moving upwards to reach level of 35.82. Later, in our opinion, instrument may form another descending structure towards level of 34.78 and then continue growing up to reach level of 36.60.
XAU USD, “Gold vs US Dollar”
Gold completed the first ascending impulse and corrected it. We think, today price may grow up to reach level of 1300 and then continue forming this ascending wave with 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...