20 June, 2014
EUR USD, “Euro vs US Dollar”
EURUSD is continuing to move in ascending impulse with 1.3660 as a target. Breakout of 1.3680 is not excluded. After that possible scenario is correction to 1.3580. In case it happens, we may see further growth and breakout of 1.3680 with further bullish structure having projected target of 1.3850
GBP USD, "British pound vs US Dollar"
GBPUSD is moving within ascending impulse. For today I expect that price will achieve 1.7070 or higher. Then correction to 1.7000 will be possible. In case it happens, growth will be possible with 1.7115 as a target. In case everything of described above happens, I expect bullish structure to be completed and bearish correction to be initiated.
USD CHF, "US Dollar vs Swiss Franc"
USDCHF is probably developing inside bearish structure. For today I expect achieving target of 0.8890 or lower. After that consolidation with further bearish structure is expected. Target of his wave is considered to be at 0.8780.
USD JPY, "US Dollar vs Japanese Yen"
USDJPY had broken out correctional channel and probably continues to move inside bearish structure. For today, I assume that 101.00 level can be achieved. After that 101.70 can be tested from below. In case everything of described above happens, I will expect bearish structure development with 100.50 as a target.
AUD USD, "Australian dollar vs US dollar"
AUDUSD continues to move within bullish structure with 0.9460 as a target. If this target will be achieved, I will expect correctional move to 0.9270 level. In case it happens, new bullish wave will be possible with 0.9480 as a target. Downtrend can be resumed after that.
USD RUB, "US Dollar vs Russian Rouble"
Russian rouble has broken out triangle to the downside and tested breakout line from below. For today I expect that downtrend is to be continued with possible target of 33.94. In case it happens, I will expect development of 4th correctional wave with target of 35.00. Later I will expect declining wave with 33.20 as a target.
XAU USD, "Gold vs US Dollar"
XAUUSD (Gold) is continuing to develop within ascending impulse with elongation of 4th wave. For today I assume that ascending channel can be broken out with further development of declining wave with possible target of 1208. The whole structure looks like bullish pennant formation. Potential of this structure can be realized only after another declining wave.
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...