28 May, 2014
EUR USD, “Euro vs US Dollar”
Euro is moving inside descending structure. We think, today price may reach level of 1.3585 and then grow up towards level of 1.3650 to test it from below. Later, in our opinion, instrument may start forming another descending structure with target at level of 1.3580.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still falling down and extending the fifth structure of this wave. We think, today price may reach level of 1.6760 and then form consolidation channel to break level of 1.6787. Later, in our opinion, instrument may continue falling down towards level of 1.6655.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still forming ascending structure towards level of 0.8995. After reaching it, price may test level of 0.8946 from above. Later, in our opinion, instrument may start forming another ascending structure towards level of 0.9000.
USD JPY, “US Dollar vs Japanese Yen”
Yen reached target of its ascending structure. We think, today price may continue falling down to reach level of 100.50. Later, in our opinion, instrument may form another ascending movement to return to level of 101.70 and then test it from below.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming ascending structure towards level of 0.9280. After that, price may form descending structure to break level of 0.9200 and then reach level of 0.9140. 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 continues forming ascending structure to reach level of 34.60. Later, in our opinion, instrument may continue falling down towards level of 33.16.
XAU USD, “Gold vs US Dollar”
Gold broke its consolidation triangle pattern downwards, which means that market is going to continue falling down towards level of 1258.40. Later, in our opinion, instrument may grow up to test level of 1299.50 from below and then form another descending structure towards level of 1208.00.
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...