24 June, 2014
EUR USD, “Euro vs US Dollar”
EURUSD remains to stay possibly in ascending trend phase. For today target of 1.3660 is still relevant. Later it is possible to see consolidation bullish structure. After that I will expect growth with possible target of 1.3800. Thus, it may be 5th wave with further target of 1.4100.
GBP USD, "British pound vs US Dollar"
GBPUSD has probably emerged from correctional channel and it is possible to see today ascending impulse with target of 1.7115 or higher. After that I will expect correction of higher structure. For such correction market will probably need to build wider consolidation phase.
USD CHF, "US Dollar vs Swiss Franc"
USDCHF is continuing to move inside descending impulse. For today basic scenario is breakout of 0.8900 and further consolidation with possible bearish structure. Target for descending move is considered to be at 0.8780. It will be part of the whole descending impulse with target of 0.8300.
USD JPY, "US Dollar vs Japanese Yen"
USDJPY is continuing to consolidate after descending impulse. For today, I expect continuation of descending impulse with hitting 101.70. This movement can also hit 100.50. In case it happens, I will expect that price will pull back with testing 101.70 from below.
AUD USD, "Australian dollar vs US dollar"
AUDUSD continues to move within bullish structure with 0.9465 as a local target. After that I will expect development of 4th correctional structure with 0.9270 as a target. After that ascending impulse with target of 0.9485 can occur. In case it happens, bullish structure will be completed. Finally, downtrend can be resumed with 0.8400 as a target.
USD RUB, "US Dollar vs Russian Rouble"
Russian rouble is trading inside 3rd descending wave with 33.94 as a target. For today I will expect that target will be achieved with further development of 4th correctional structure and hitting 35.00. After that 5thdescending wave can be developed with 33.20 as a target.
XAU USD, "Gold vs US Dollar"
XAUUSD (Gold) is consolidating on the top. I expect that it is going to be the part of reversal structure. For today another descending wave is possible.
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...