26 June, 2014
EUR USD, “Euro vs US Dollar”
EURUSD had probably completed another ascending wave. For today I will expect development of descending structure with 1.3600 as target. After that, price can possible break 1.3650 and consolidate after that. Also, I will anticipate that ascending wave will be 3rd with target of 1.3800.
GBP USD, "British pound vs US Dollar"
GBPUSD is possibly continuing to consolidate around 1.6990. I will expect that growth can be continued with 1.7115 as a target. As an alternative, I will not exclude that market can attempt to go down with hitting 1.6990, and after that will grow and visit projected target.
USD CHF, "US Dollar vs Swiss Franc"
USDCHF had renewed recent low from descending impulse. Therefore, market can be preparing for continuation of downtrend. For today, recovery to 0.8940 is possible. After that I will expect another bearish structure with target of 0.8900 and consolidation. Target for this structure is considered to be at 0.8780.
USD JPY, "US Dollar vs Japanese Yen"
USDJPY is continuing to develop within descending impulse. For today I expect that consolidation around 101.70 can be possible with further decline to 101.00. After that test of 101.70 from below is possible. In case everything of described above happens, finally market can go to 100.50 or lower.
AUD USD, "Australian dollar vs US dollar"
AUDUSD continues to move within consolidation. As basic scenario, I will watch for possible growth to 0.9465. As an alternative, market can go down to 0.9345. After that – growth again with hitting projected target.
USD RUB, "US Dollar vs Russian Rouble"
Russian rouble is trading near recent lows. I will expect that this consolidation is going to be continued with further reversal and 4th ascending wave. Target for this growth will be around 35.00. After that I will expect that market can decline with target of 33.20 in the form of 5th wave.
XAU USD, "Gold vs US Dollar"
Gold is consolidating on the top in the shape of triangle. For today, I will expect probability of breakout of lower side of this triangle and breakout of ascending channel. In case it happens, reversal pattern «Head and shoulders» will appear. It may lead to another descending wave with target of 1208 or lower.
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...