4 June, 2014
EUR USD, “Euro vs US Dollar”
Euro continues forming descending structure towards level of 1.3570. We think, today price may reach it, form another ascending wave to test level of 1.3650 from below, and then form another descending structure to reach level of 1.3540. Later, in our opinion, instrument may start consolidating and form reversal pattern to continue moving upwards.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still falling down. We think, today price may break level of 1.6718 downwards; target is at level of 1.6655. Later, in our opinion, instrument may start consolidating and form reversal pattern to continue growing up.
USD CHF, “US Dollar vs Swiss Franc”
Franc continues moving inside ascending structure to reach target at level of 0.9010. We think, today price may reach it and then form another descending structure to return to level of 0.8946. Later, in our opinion, instrument may start growing up to reach level of 0.9030, reverse downwards, and continue falling down.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still extending its ascending structure. We think, today price may break this ascending channel downwards and continue falling down to reach level of 100.50. Later, in our opinion, instrument may return to level of 101.780 and then move downwards again to reach level of 99.30.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still forming consolidation channel. We think, today price may break level of 0.9200 downwards and then continue falling down to reach target at level of 0.9000. Alternative scenario implies that pair may move upwards to test upper border of triangle pattern.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues moving upwards towards level of 35.44. Possibly, this ascending movement (considered as correctional one) may continue after testing level of 34.70 from above. Later, in our opinion, instrument may form another descending structure to reach level of 33.85.
XAU USD, “Gold vs US Dollar”
Gold is forming consolidation channel at current levels; this channel may be considered as descending continuation pattern. Target is at level of 1213. Later, in our opinion, instrument may form another ascending structure to return to level of 1260.
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...