30 April, 2014
EUR USD, “Euro vs US Dollar”
Euro is continues forming descending structure. We think, today price may break level of 1.3784, consolidate for a while, and then forming continuation pattern to continue falling down. Next target is at level of 1.3700. Later, in our opinion, instrument may move upwards to test level of 1.3780 from below.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still consolidating without any particular direction. We think, today price may grow up towards level of 1.6095; market may reach it and thus complete another five-wave structure. Later, in our opinion, instrument may start new correction towards level of 1.6680.
USD CHF, “US Dollar vs Swiss Franc”
Franc is forming ascending structure. We think, today price may break level of 0.8847, consolidate for a while, and then form continuation pattern. Next target is at level of 0.8920. Later, in our opinion, instrument may return to level of 0.8850.
USD JPY, “US Dollar vs Japanese Yen”
Yen is being corrected. We think, today price may form another ascending structure towards level of 103.10 and then start moving downwards to reach level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar started forming the first wave of new correction. We think, today price may continue moving towards level of 0.9350; this correction is expected to be in the form of bearish flag pattern. After completing this correction, instrument may continue falling down inside the third 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 correcting its first ascending impulse. We think, today price may grow up to break level of 1306 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...