3 June, 2014
EUR USD, “Euro vs US Dollar”
Euro is under pressure and continues moving downwards. We think, today price may reach level of 1.3575, form another ascending wave towards level of 1.3650, and then complete this descending structure by moving downwards again towards level of 1.3570. Later, in our opinion, instrument may start forming new structure inside ascending trend.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still consolidating. We think, today price may continue moving downwards to reach target at level of 1.6655. Later, in our opinion, instrument may start new ascending structure to continue growing up.
USD CHF, “US Dollar vs Swiss Franc”
Franc continues moving upwards to reach target at level of 0.8995. We think, today price may form another ascending structure towards above-mentioned level. Later, in our opinion, instrument may form descending structure to return to level of 0.8946.
USD JPY, “US Dollar vs Japanese Yen”
Yen extended its ascending structure and reached its predicted targets. We think, today price may break this ascending channel downwards and continue falling down to reach level of 100.50.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still forming consolidation channel. We think, today price may fall down to reach level of 0.9200. Local target of this descending movement is at level of 0.9000.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is forming consolidation channel near level of 34.72. We think, today price may test this level from above and then continue growing up towards level of 35.44. Later, in our opinion, instrument may form another descending structure to reach new minimum.
XAU USD, “Gold vs US Dollar”
Gold is under pressure and continues falling down. We think, today price may move downwards to reach level of 1213 and then form another ascending structure to test level of 1260 from below. Later, in our opinion, instrument may start new descending movement with target 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...