19 June, 2014
EUR USD, “Euro vs US Dollar”
EURUSD is trading in ascending impulse. 1.3586 level is violated. For today we will expect bullish structure with 1.3660 as a target. After that correction to 1.3586 is possible. In case it happens, I expect possible ascending trend with 1.3850 as target.
GBP USD, "British pound vs US Dollar"
GBPUSD is continuing to show bullish structure. For today we expect that 1.7070 level will be touched. After that correction to 1.7000 is possible. In case everything of described above happens, next scenario we will pay attention to will be ascending structure with 1.7115 as a target.
USD CHF, "US Dollar vs Swiss Franc"
USDCHF has violated 0.8960 level to the downside. Today I expect that descending impulse will be continued with visiting 0.8905 level. After that possibly we can see correction with target of 0.8960. After that downtrend might resume with possible target of 0.8800
USD JPY, "US Dollar vs Japanese Yen"
USDJPY had probably completed correctional phase, descending correctional channel was broken out to the downside. For today I expect descending trend continue with 101.00 as a projected target. In case it happens, correction to 101.70 is possible with test from below. After that I will expect trend to continue with achieving 100.50.
AUD USD, "Australian dollar vs US dollar"
AUDUSD continues to move within bullish structure with 0.9465 as a target. After that I will expect development of more elongate correctional move up to 0.9270. In case it happens, another bullish structure might be initiated with achieving target 0.9485. Bullish structure will be completed in case everything of described above happens. Then I will pay attention to possible bullish scenario with 0.8400 as a target.
USD RUB, "US Dollar vs Russian Rouble"
Russian rouble is trading inside descending channel. We might see triangle inside of tapering trading range. I expect that first price can break out this triangle to the downside with visiting 33.94 as a target. After that price can grow up to 35.00. In case it happens, I will assume that price action may initiate another descending wave with 33.20 as a possible target. Correctional «flag» formation is to be completed in this case. As «flag» is bullish, therefore uptrend can resume with possible target of 38.50
XAU USD, "Gold vs US Dollar"
XAUUSD (Gold) is continuing to develop within correctional phase. Lowest target for this correction is visited. I assume that this impulse may achieve 1281 as a target. After that downtrend can resume with possible target of 1208.
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...
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