7 May, 2014
EUR USD, “Euro vs US Dollar”
Euro broke its consolidation channel upwards. We think, today price may continue moving upwards towards target at level of 1.3990. Alternative scenario implies that instrument may return to the broken border of consolidation channel and then continue growing up towards above-mentioned target. Main tendency is still bullish; target is at level of 1.4100.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is extending its ascending wave; market has already reached consolidation area to continue forming ascending wave with target at level of 1.7730. We think, today price may another consolidation channel and form new continuation pattern. Closest target is at level of 1.6850.
USD CHF, “US Dollar vs Swiss Franc”
Franc broke lower border of triangle pattern and is still moving downwards to reach level of 0.8700. Later, in our opinion, instrument may grow up towards level of 0.8780 and then continue falling down to reach 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 fall down to 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 completed its correctional wave. We think, today price may move downwards to reach level of 0.9317. Later, in our opinion, instrument may test level of 0.9340 from below and then continue falling down to break level of 0.9210.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues falling down. We think, today price may consolidate for a while near level of 35.44 and then continue falling down with target at level of 34.80. Later, in our opinion, instrument may form another consolidation channel and new reversal pattern to start new ascending movement towards level of 37.50.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating near level of 1309; this movement may be considered as continuation pattern. We think, today price may form ascending structure towards 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...