26 May, 2014
EUR USD, “Euro vs US Dollar”
Euro continues falling down. We think, today price may return to level of 1.3700 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. We think, today price may reach level of 1.6865, form another descending structure with target at level of 1.6808, and then grow up to return to level of 1.6865 again. Thus, instrument is forming consolidation channel to continue falling down towards level of 1.6655.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still moving upwards with target at level of 0.8979. After reaching it, price may fall down towards 0.8900 and then form another ascending structure to reach level of 0.9000. Later, in our opinion, instrument may continue falling down towards level of 0.8300.
USD JPY, “US Dollar vs Japanese Yen”
Yen reached level of 102.00. We think, today price may continue falling down to reach level of 100.50. Later, in our opinion, instrument may return to level of 101.70 and then start new descending movement towards level of 99.30.
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 reach level of 0.9135. Later, in our opinion, instrument may test level of 0.9200 from below and then continue falling down towards level of 0.9000.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still moving below daily ascending channel. We think, today price may continue falling down to reach level of 33.16 and then return to level of 34.65 to test it from below. Later, in our opinion, instrument may start forming another descending structure.
XAU USD, “Gold vs US Dollar”
Gold isn’t traded today. Tomorrow, after the market opening, price may 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...