23 May, 2014
EUR USD, “Euro vs US Dollar”
Euro continues falling down. We think, today price may reach level of 1.3625, return to level of 1.3680, and then complete this descending wave by falling down and reaching level of 1.3580. Later, in our opinion, instrument may consolidate for a while, for reversal pattern, and then start new ascending movement.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming another descending structure with target at level of 1.6800. We think, today price may return to level of 1.6860 to test it from below and then form another descending structure with target at level of 1.6655. Alternative scenario implies that pair may rebound from level of 1.6825 upwards.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still moving upwards. We think, today price may reach level of 0.8970, fall down towards 0.8920, and then form another ascending structure to reach new maximum. Later, in our opinion, instrument may continue falling down.
USD JPY, “US Dollar vs Japanese Yen”
Yen reached its target and right now is moving upwards. We think, today price may test level of 102.00 from below, and then continue falling down to reach level of 99.20. Later, in our opinion, instrument may return to level of 102.00 to test is from below again and then start new descending movement towards level of 97.90.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still consolidating and forming continuation pattern to continue moving downwards. We think, today price may break level of 0.9200 downwards and expand this consolidation channel up to level of 0.9140. Later, in our opinion, instrument may return to level of 0.9200 to test it from below, and then continue falling sown. Next target will be at level of 0.9000.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is forming reversal structure to eliminate the gap, at least. We think, today price may form consolidation channel near levels of 34.80 – 33.80. Later, in our opinion, instrument may continue falling down towards level of 33.
XAU USD, “Gold vs US Dollar”
Gold completed another ascending impulse and corrected it. We think, today price may form new ascending impulse to reach level of 1321. Later, in our opinion, instrument may consolidate for a while continue growing up towards 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...