25 June, 2014
EUR USD, “Euro vs US Dollar”
EURUSD remains to stay possibly in consolidation. For today we assume that price can emerge from consolidation up to 1.3650 level. Later I will expect that consolidation will be transformed into any bullish structure. In whole, I will expect movement to 1.3800 level.
GBP USD, "British pound vs US Dollar"
GBPUSD is trading within descending impulse. The whole structure looks like consolidation with 1.7000 as a target. Also I will expect that bullish structure can be formed. Possible target of this growth is located around 1.7730 or higher.
USD CHF, "US Dollar vs Swiss Franc"
USDCHF is continuing to consolidate. Triangle is in place. For today basic scenario is continuation of descending impulse. Expecting breakout of 0.8900 with forming another consolidation and bearish structure. Target of this descending impulse is considered to be around 0.8780.
USD JPY, "US Dollar vs Japanese Yen"
USDJPY is continuing to consolidate after descending impulse. Triangle is here. Basic scenario is breakout to the downside with hitting 101.70 and further continuation with target of 100.50. After that I will anticipate recovery to 101.70 from below. Then descending trend may resumed with target of 99.30 or lower.
AUD USD, "Australian dollar vs US dollar"
AUDUSD continues to move within bearish structure. Trading range has transformed into widening triangle. For today target is 0.9342 is in play. After that I will expect continuation of ascending structure with local target of 0.9465. Then possibly price can correct to 0.9270.
USD RUB, "US Dollar vs Russian Rouble"
Russian rouble had completed 3rd wave inside «flag» structure. For today I will anticipate development of consolidation near local lows with possible development of reversal structure and initiation of 4th ascending wave with target of 35.00. After that 5th wave of a «flag» may form with possible level of 33.20
XAU USD, "Gold vs US Dollar"
XAUUSD (Gold) had possibly started descending impulse. For today 1305 level is in play. After that I expect that price will move to 1315. Thus, conditions for reversal pattern «Head and shoulders» will be formed. With breakout of a neckline, I will expect that potential of a wave with hitting 1208 will be realized.
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...