11 July, 2014
EUR USD, “Euro vs US Dollar”
Euro completed ascending wave and corrected it. We think, today price may start another ascending wave to break level of 1.3640 and reach target at level of 1.3695. Later, in our opinion, instrument may return to level of 1.3640 and then continue growing up towards level of 1.3710.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still consolidating inside narrow trading range and apparently not going to strengthen US dollar. We think, today price may continue growing up inside ascending trend to reach next target at level of 1.7300.
USD CHF, “US Dollar vs Swiss Franc”
Franc completed descending wave and corrected it. We think, today price may rebound from level of 0.8932, move downwards to break level of 0.8894, and then continue falling down to reach level of 0.8860. Later, in our opinion, instrument may test level of 0.8890 from below and then continue falling down to reach level of 0.8830.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still forming descending structure with target at level of 101.40. Later, in our opinion, instrument may return to level of 101.70 to test it from below and then complete the third structure by falling down towards level of 101.00. After reaching it, pair may test level of 101.70 from below again and then continue moving inside descending trend.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar completed its ascending wave and broke the channel downwards. We think, today price may return to level of 0.9400 and then continue falling down towards level of 0.9330. Later, in our opinion, instrument may return to level of 0.9360 and then form another descending structure towards level of 0.9300.
USD RUB, “US Dollar vs Russian Ruble”
Ruble broke its consolidation channel downwards, completed correction, and right now is forming ascending wave with target at level of 34.25. We think, today price may reach level of 34.78 and then fall down to test level of 34.25. Later, in our opinion, instrument may complete the fourth wave by growing up to reach level of 35.00 and then start the fifth wave with target at 33.20.
XAU USD, “Gold vs US Dollar”
Gold reached its targets and formed its first descending impulse. We think, today price may form another descending structure with target at level of 1328. Later, in our opinion, instrument may consolidate for a while, form reversal pattern, and then start new descending movement with target 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...