14 May, 2014
EUR USD, “Euro vs US Dollar”
Euro expanded its consolidation channel downwards. We think, today price may expand its upwards as well and reach next target at level of 1.3846. Later, in our opinion, instrument may form continue falling down to reach target at level of 1.3700. Pair may form consolidation channel in the form of triangle pattern.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming the third descending wave; market completed its first part and right now is correcting it towards level of 1.6858. After reaching it, pair may start another descending structure to break level of 1.6825 and then expand this trading range towards level of 1.6790. Later, in our opinion, instrument may return to level of 1.6825 to test it from below and then continue moving downwards to reach local target level of 1.6750.
USD CHF, “US Dollar vs Swiss Franc”
Franc expanded its consolidation channel upwards. We think, today price may expand this consolidation channel downwards as well and reach level of 0.8806. Later, in our opinion, instrument may form another consolidation channel in the form of triangle pattern and continue moving upwards to reach level of 0.8955.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still moving downwards; market is forming another structure with target at level of 101.37. Later, in our opinion, instrument may return to level of 101.80 and then continue falling down towards level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is trying to stay at current maximums. We think, today price may reach level of 0.9415 and then continue moving inside descending trend towards target at level of 0.9200.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still forming the fifth descending wave, which may be extended up to level of 34.46. We think, today price may reach level of 34.70 and then continue growing up towards level of 35.40.
XAU USD, “Gold vs US Dollar”
Gold is forming the fifth ascending structure. We think, today price may continue growing up to reach target at level of 1321. Later, in our opinion, price may form new correction to return to level of 1295.
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...