2 July, 2014
EUR USD, “Euro vs US Dollar”
Euro broke level of 1.3650 upwards. We think, today price may return to this level to test it from to above and then continue growing up to reach local target of the first wave at level of 1.3790. Later, in our opinion, instrument may start another descending structure to return to level of 1.3650 and then form the fifth ascending wave with target at level of 1.3800.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still moving upwards. We think, today price may reach level of 1.7176 and then form correction towards level of 1.7115. Later, in our opinion, instrument may continue moving upwards to reach level of 1.7245.
USD CHF, “US Dollar vs Swiss Franc”
Franc is returning to level of 0.8900. After reaching it, price may fall down towards level of 0.8794. Later, in our opinion, instrument may start the fourth correctional wave to return to level of 0.8900 and then form the fifth one, down to level of 0.8770.
USD JPY, “US Dollar vs Japanese Yen”
Yen is moving back to level of 101.70 to test it from below. After reaching it, price may continue falling down to reach level of 101.00 and then return to level of 101.70 again, in our opinion, instrument may start another descending wave to reach level of 100.50.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar reached its targets of growth. We think, today price may start descending impulse and form consolidation channel with reversal pattern to continue falling down. Next predicted target is at level of 0.9200.
USD RUB, “US Dollar vs Russian Ruble”
Ruble reached target of its first ascending wave. We think, today price may form descending correction towards level of 33.92 and then move upwards to reach level of 34.60. Main target of the fourth wave is at level of 35.00. Later, in our opinion, instrument may form the fifth wave with target at level of 33.20.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating near its highs. We think, today price may move upwards to reach level of 1333. Later, in our opinion, instrument may form reversal pattern and continue falling down towards level of 1208.
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...