24 July, 2014
EUR USD, “Euro vs US Dollar”
Euro is still moving close to its lows and forming narrow consolidation channel; this movement may be considered as reversal pattern. We think, today price may return to level of 1.3560 and then continue falling down to reach level of 1.3442.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming descending correction towards level of 1.7007. We think, today price may reach it, start forming another ascending structure towards current top, and then continue moving inside uptrend to reach next target at level of 1.7500.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still consolidating at the top of ascending wave; this movement may be considered as reversal pattern for new descending movement towards level of 0.8955. After reaching it, pair may complete this ascending wave by form another ascending structure towards current top and level of 0.9050. Later, in our opinion, instrument may continue moving inside downtrend.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still forming ascending structure with target at level of 101.67. After reaching it, pair may continue falling down inside downtrend towards main target at level of 99.30. Market continues forming the third wave of correctional flag pattern. Alternative scenario implies that instrument may continue forming descending structure at once.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar continues moving upwards. We think, today price may fall down towards level of 0.9424 and then continue growing up to reach new top and level of 0.9520. Later, in our opinion, instrument may start moving downwards again to return to level of 0.9424.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still being corrected towards level of 34.58. After reaching it, pair may continue growing up towards level of 35.45 and then form the fourth wave of this correction towards level of 34.58.
XAU USD, “Gold vs US Dollar”
Gold continues moving downwards; market broke level of 1300 downwards and right now is moving towards level of 1275. Later, in our opinion, instrument may return to level of 1300 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...