18 June, 2014
EUR USD, “Euro vs US Dollar”
EURUSD continues to hold within a consolidation. Today’s expectation is growth to 1.3586 level or higher. Then we expect developing ascending trend with 1.3676 as a target. In case it happens, market might enter the consolidation phase.
GBP USD, "British pound vs US Dollar"
GBPUSD is continuing to consolidate around highs, for today possible scenario is decline with 1.6900 as a target. In case it happens, we expect growth to resume to 1.7000 area. In case this area is accepted, 1.7115 target will likely be tested.
USD CHF, "US Dollar vs Swiss Franc"
USDCHF is developing within consolidation structure. We believe that today’s price action will be descending with test of 0.8957 area. Therefore, basic scenario for the present time will be descending trend.
USD JPY, "US Dollar vs Japanese Yen"
USDJPY continues to form correctional «flag» formation according to our models. 102.30 is a possible target. Then growing channel can be broken out with further development of 3rd growing wave and hitting 99.30
AUD USD, "Australian dollar vs US dollar"
AUDUSD continues to move within declining channel. Basic scenario for this currency pair is development of bullish structure with possible target of 0.9465. In case it happens, we will assume that next movement will be declining with 0.9270 as a target.
USD RUB, "US Dollar vs Russian Rouble"
Russian rouble is trading inside ascending channel. In case this channel is broken out, possible target is 33.94. Next movement can exist if the form of 4th wave as a correction from 35.00 level. After that, in case it happens, 5th declining wave can develop with possible target of 33.20
XAU USD, "Gold vs US Dollar"
XAUUSD (Gold) has completed its descending impulse. For today correctional scenario is dominant according to our models with possible target of 1272.92. Next target is 1208.00 level
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...