22 July, 2014
EUR USD, “Euro vs US Dollar”
Euro is still consolidating. We think, today price may move upwards to reach level of 1.3560 and then fall down towards level of 1.3530. Later, in our opinion, instrument may start forming another ascending structure to reach level of 1.3600.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still being corrected. We think, today price may reach level of 1.7010, consolidate for a while, and then form reversal pattern continue moving upwards. Next target is at level of 1.7500.
USD CHF, “US Dollar vs Swiss Franc”
Franc continues consolidating. We think, today price may leave this consolidation channel downwards and reach level of 0.8950. This movement may be considered as part of another descending wave with target at level of 0.8830.
USD JPY, “US Dollar vs Japanese Yen”
Yen is returning to level of 101.70 to test it from below again. Later, in our opinion, instrument may move downwards to reach level of 101.00, break it, and then continue falling down towards level of 101.50. Main target is at level of 99.30.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar continues forming correctional structure with target at level of 0.9415. Later, in our opinion, instrument may fall down towards level of 0.9300. This movement may be considered as part of another descending structure to reach level of 0.9270.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still consolidating. We think, today price may move upwards to reach level of 35.43 and then expand this consolidation channel downwards to reach level of 34.60. Later, in our opinion, instrument may complete this ascending wave by forming another structure towards level of 35.60 and then start forming the fifth descending wave to reach level of 33.20.
XAU USD, “Gold vs US Dollar”
Gold continues moving downwards. We think, today price may fall down to break level of 1300 and reach level of 1275. Later, in our opinion, instrument may return to level of 1300 once again to test it from below and then form another descending structure towards level of 1255.
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...