25 July, 2014
EUR USD, “Euro vs US Dollar”
Euro reached its target, formed the first ascending impulse, and then corrected it. We think, today price may continue growing up and forming the second ascending impulse. Target is at level of 1.3500.
GBP USD, “Great Britain Pound vs US Dollar”
Pound reached its target and then tested the center of continuation pattern of uptrend. We think, today price may continue moving upwards. Main target of this structure is at level of 1.7500. After reaching it, pair may return to level of 1.7140.
USD CHF, “US Dollar vs Swiss Franc”
Franc reached target of its ascending wave and then formed descending impulse. We think, today price may form the second descending impulse. It looks like market is forming wave with target at level of 0.8955.
USD JPY, “US Dollar vs Japanese Yen”
Yen reached target of its ascending movement. We think, today price may consolidate and form reversal pattern. Market is forming another descending wave with main target at level of 99.30. The first 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 reach level of 0.9390 and then form another ascending structure towards level of 0.9510.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still being corrected inside the third ascending wave with target at level of 35.45. Alternative scenario implies that instrument may fall down towards level of 34.60 and only after that start growing up to reach above-mentioned target. Later, in our opinion, instrument may form another descending structure towards level of 34.60 and then move upwards to reach level of 35.60.
XAU USD, “Gold vs US Dollar”
Gold continues moving downwards and forming the third wave. We think, today price may continue forming this wave and reach level of 1275 (at least). Later, in our opinion, instrument may return to level of 1300 to test it from below and then fall down 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...