6 May, 2014
EUR USD, “Euro vs US Dollar”
Euro is still moving close to upper border of divergent triangle pattern and forming narrow consolidation channel, which may be considered as continuation pattern. We think, today price may continue moving upwards towards target at level of 1.3990. Later, in our opinion, instrument may return to level of 1.3890 and then move upwards again to level of 1.4100.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still forming ascending structure. We think, today price may grow up to reach new maximum at level of 1.6940, consolidate for a while, and then form reversal pattern to start new correction towards level of 1.6690.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still moving downwards. We think, today price may fall down to reach level of 0.8700. Later, in our opinion, instrument may return to level of 0.8780 and then continue falling down towards level of 0.8630.
USD JPY, “US Dollar vs Japanese Yen”
Yen continues falling down; market is forming another descending wave with target at level of 100.00. We think, today price may form consolidation channel as continuation pattern and reach level of 101.00. Later, in our opinion, instrument may return to level of 102.10 and then continue moving downwards to reach main target.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is being corrected with target at level of 0/9334. Later, in our opinion, instrument may start forming the third wave towards level of level of 0.9085 and then the fourth one to reach level of level of 0.9210.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still moving inside triangle pattern. We think, today price may continue falling down with target at level of 34.80 and then start new ascending movement towards level of 37.50.
XAU USD, “Gold vs US Dollar”
Gold is still forming ascending impulse, which may be considered as the third wave. We think, today price may form consolidation channel at current levels, break it upwards, and reach local target at level of 1340. Later, in our opinion, instrument may fall down towards level of 1310 to test it from above and then start new ascending movement to reach level of 1350.
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...