29 April, 2014
EUR USD, “Euro vs US Dollar”
Euro is moving inside ascending structure with target at 1.4100. We think, today price may continue growing up to reach level of 1.3990 and then start correction to return to level of 1.3885. Later, in our opinion, instrument may continue its ascending movement towards level of 1.4100.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is growing up towards level of 1.6095; market may reach it and thus complete another five-wave structure. Later, in our opinion, instrument may start more serious correction towards level of 1.6687 and form bullish flag pattern.
USD CHF, “US Dollar vs Swiss Franc”
Franc is forming descending structure. We think, today price may reach level of 0.8758, consolidate for a while, and then form continuation pattern to continue descending trend. Next target is at 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. Right now, market is forming the fifth wave of this ascending structure. Later, in our opinion, instrument may start another descending wave towards level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar completed its descending wave with extension. We think, today price may consolidate to form reversal pattern, and start new correction to return to level of 0.9350. Later, in our opinion, instrument may form the third descending wave with target at level of 0.9070.
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 correction its first ascending impulse. We think, today price may fall down towards level of 1288.85 and then form the third ascending wave with target at level of 1325. Later, in our opinion, instrument may return to level of 1306 and then start new ascending movement to reach 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...