16 May, 2014
EUR USD, “Euro vs US Dollar”
Euro continues forming ascending impulse. We think, today price may reach level of 1.3734 and then start correction towards level of 1.3600, at least. Later, in our opinion, instrument may start another ascending movement to reach level of 1.3840.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is moving inside the fourth of wave of descending structure. We think, today price may return to level of 1.6825 and then start forming the fifth wave with target at level of 1.6655.
USD CHF, “US Dollar vs Swiss Franc”
Franc formed descending impulse. We think, today price may test level of 0.8920 and then continue falling down. Next target is at level of 0.8810.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still moving downwards. We think, today price may reach local target at level of 101.00. Later, in our opinion, instrument may return to level of 102.00 and then continue falling down towards level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still consolidating; market expanded this consolidation channel downwards. We think, today price may continue forming this descending wave. The first target is at level of 0.9200.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues moving without any particular direction. We think, today price may reach level of 34.55 and then start forming the fourth structure inside the fifth wave with target at level of 35.20, at least. Later, in our opinion, instrument may complete the fifth wave by forming another descending wave with target at level of 34.50. After reaching it, pair may then continue growing up.
XAU USD, “Gold vs US Dollar”
Gold is forming the fifth ascending structure; market is moving in the middle of this wave. 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 and then 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...