30 May, 2014
Euro continues falling down. We think, today price may reach level of 1.358 grow up towards level of 1.3650 to test it from below, and then move downwards again to reach level of 1.3575. Later, in our opinion, instrument may start consolidating and form reversal pattern to continue growing up towards target at level of 1.4100.
GBP USD, “Great Britain Pound vs US Dollar”
Pound started forming consolidation channel. We think, today price may continue falling down to reach target at level of 1.6655. Possibly, pair may expand this channel upwards towards level of 1.6780. Later, in our opinion, instrument may continue falling down towards its main target.
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 and then form another ascending structure with target at 0.9010. Later, in our opinion, instrument may consolidate for a while and form reversal pattern to continue falling down.
USD JPY, “US Dollar vs Japanese Yen”
Yen is falling down. We think, today price may continue falling down to reach level of 101.30. Later, in our opinion, instrument may return to level of 101.70 and then start forming the third wave with local target at level of 99.30.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar completed correctional flag pattern. We think, today price may break the pattern upwards and extend it up to level of 0.9326. Later, in our opinion, instrument may move towards level of 0.9200 to break it and then continue falling down towards local target at 0.9000.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues tested its broken channel from below. We think, today price may continue falling down towards level of 33.16.
XAU USD, “Gold vs US Dollar”
Gold reached target of central part of continuation pattern. We think, today price may form another ascending structure to test level of 1299 and then start falling down towards level of 1208. Later, in our opinion, instrument may start new ascending wave to break level of 1300 upwards.
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...