2 June, 2014
EUR USD, “Euro vs US Dollar”
Euro continues moving inside descending channel, which has changed the angle of slope very. We think, today price may reach level of 1.3575, form another ascending wave to test level of 1.3650 from below, and then complete this descending structure by moving downwards again towards level of 1.3570. Later, in our opinion, instrument may form reversal pattern to continue growing up.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still falling down; market has already broken another correctional channel downwards and right now is moving downwards to reach level of 1.6655. We think, today price may reach it and complete this descending wave. Later, in our opinion, instrument may form reversal pattern and continue growing up to break level of 1.7000.
USD CHF, “US Dollar vs Swiss Franc”
Franc is forming ascending impulse. We think, today price may continue growing up to reach level of 0.8995, return to level of 0.8946, and then complete this ascending wave by form another ascending structure with target at 0.9010. Later, in our opinion, instrument may form reversal pattern and continue falling down.
USD JPY, “US Dollar vs Japanese Yen”
Market was opened with gap up this morning; Yen is growing up towards level of 102.20. After reaching it, price may continue falling down to reach level of 100.50 and then return to level of 101.60.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar returned inside into its consolidation channel. We think, today price may fall down to reach level of 0.9200, consolidate for a while, and then form continuation pattern to continue moving downwards. Main target is at local level of 0.9000.
USD RUB, “US Dollar vs Russian Ruble”
Market was opened with gap up. We think, today price may form ascending structure with target at level of 35.35 and then fall down to reach new minimum. Later, in our opinion, instrument may form reversal pattern to continue growing up towards level of 38.50.
XAU USD, “Gold vs US Dollar”
Gold continues forming descending structure; previous correction wasn’t supported and market reached new minimum again. We think, today price may move downwards to reach level of 1213 and then return to level of 1261. Later, in our opinion, instrument may start new descending structure. Main target of this descending wave is at level of 1208.
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...