8 May, 2014
Euro is being corrected towards previous ascending impulse. We think, today price may continue moving upwards to reach target at level of 1.3990. Later, in our opinion, instrument may return to level of 1.3880 and then continue growing up towards level of 1.4100.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming descending structure, which may be considered as correction. Later, in our opinion, instrument may continue growing up towards level of 1.7020 and then form another descending structure. After that, pair may consolidate and form continuation pattern. Main target is at level of 1.7730.
USD CHF, “US Dollar vs Swiss Franc”
Franc is moving upwards slowly. We think, today price may continue moving downwards to reach level of 0.8700. Later, in our opinion, instrument may return to level of 0.8770 and then continue moving inside descending trend to reach level of 0.8630.
USD JPY, “US Dollar vs Japanese Yen”
Yen formed consolidation channel. We think, today price may continue falling down to reach level of 101.00, start new correction towards level of 102.10 and then form another descending structure towards main target at level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar completed another ascending structure and broke maximum of current wave. We think, today price may consolidate for a while, form reversal pattern, and then continue moving downwards. Next target is at level of 0.9200.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues falling down. We think, today price may continue falling down towards target at level of 34.80, test level of 35.22 from below, and then complete this descending wave by forming another descending structure to reach level of 34.70. Later, in our opinion, instrument may form new ascending wave towards level of 37.50.
XAU USD, “Gold vs US Dollar”
Gold is being corrected towards level of 1280. We think, today price may complete this correction and then form ascending wave towards level of 1321. Later, in our opinion, instrument may complete this ascending wave and start forming correctional bullish flag pattern with target at level of 1290. After that price may continue growing up towards main target at level of 1435.
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...
|8||Fort Financial Services||67%|