16 July, 2014
EUR USD, “Euro vs US Dollar”
Euro continues moving downwards. We think, today price may reach level of 1.3550 and then form another ascending structure to return to level of 1.3600.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming ascending structure; market broke its maximum. We think, today price may fall down towards level of 1.7123 and then continue growing up to reach level of 1.7300.
USD CHF, “US Dollar vs Swiss Franc”
Franc continues goring up. We think, today price may expand its consolidation channel; target is at level of 0.8973. Later, in our opinion, instrument may fall down to expand it downwards; target is at level of 0.8830.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still forming ascending structure. We think, today price may reach level of 101.78, break ascending channel, and then form another descending wave. Next target is at level of 100.50.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still being corrected. We think, today price may fall down to reach level of 0.9300 and then return to level of 0.9380.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still consolidating inside the third ascending wave with target at level of 34.82. Later, in our opinion, instrument may return to level of 34.25 (at least) and then may continue growing up inside the fifth wave of current correction to reach level of 35.00.
XAU USD, “Gold vs US Dollar”
Gold reached new low and completed impulse of its first descending wave. We think, today price may start new correction to reach level of 1321 (at least) and then continue falling down towards level of 1277.
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...