28 April, 2014
EUR USD, “Euro vs US Dollar”
Euro is still consolidating. We think, today price may reach level of 1.3859 and then form another descending structure to break minimum and continue falling down towards level of 1.3715. We should note, that this descending movement may continue only as a part of correction inside main trend towards level 1.3990. This short-term tendency is ascending and may yet continue.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is being corrected towards previous ascending wave. We think, today price may move downwards to reach level of 1.6757. Later, in our opinion, instrument may start another ascending structure towards to level of 1.6905 and then start more serious correction to reach level of 1.6687.
USD CHF, “US Dollar vs Swiss Franc”
Franc is moving upwards. We think, today price may continue growing up towards level of 0.8890 and then form start falling down to reach level of 0.8630.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still being corrected. We think, today price may move upwards to reach level of 103.10 and then continue falling down inside descending trend. After breaking correctional channel, pair may start moving towards level of 100.85.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar continues forming descending wave with target at level of 0.9245. We think, today price may start new correction in the form of bearish flag pattern with target at level of 0.9350.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues forming ascending structure with target at level of 36.28. Later, in our opinion, instrument may start falling down towards level of 34.78 and then continue growing up to reach level of 37.50.
XAU USD, “Gold vs US Dollar”
Gold is still forming ascending structure; which may be considered as continuation pattern. We think, today price may reach level of 1307 and then form descending structure towards level of 1297.25. Later, in our opinion, instrument may start new ascending movement with target at level of 1326.28.
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...