8 July, 2014
EUR USD, “Euro vs US Dollar”
Euro broke its descending channel. We think, today price may continue forming ascending structure with target at level of 1.3655. Later, in our opinion, instrument may form descending structure with target at level of 1.3620; this structure may be considered as a part of another ascending wave.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still inside narrow consolidation channel. We think, today price may continue growing up towards level of 1.7300. Later, in our opinion, instrument may form another consolidation channel and continue current ascending with target at level of 1.7730. However, if the market continues falling down, it may be a good opportunity to increase long positions.
USD CHF, “US Dollar vs Swiss Franc”
Franc broke its ascending channel and right now is forming descending structure towards level of 0.8890. Later, in our opinion, instrument may return to level of 0.8940; this movement may be considered as a part of another descending wave.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming another ascending wave with target at level of 101.00; right now, price is forming descending structure towards level of 101.42. Later, in our opinion, instrument may return to level of 101.80 and then start new descending movement towards above-mentioned target.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming ascending wave with target at level of 0.9412. After reaching it, price may fall down towards level of 0.9370. This structure is taking the form of trend; possibly, market may continue moving upwards to reach new high. Later, in our opinion, instrument may form reversal pattern to start new descending movement.
USD RUB, “US Dollar vs Russian Ruble”
Ruble tested the top of its continuation pattern from above. We think, today price may complete the fourth wave by growing up and reaching level of 35.00. Later, in our opinion, instrument may form the fifth wave offlag pattern with target at level of 33.20.
XAU USD, “Gold vs US Dollar”
Gold is still moving near the top of its ascending wave; right now price is forming ascending structure with target at level of 1337. Later, in our opinion, instrument may form reversal pattern and then start new descending wave. Target of this wave is at 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...