Analysis for April 25th, 2014
EUR USD, “Euro vs US Dollar”
Euro is trying to return to level of 1.3857. After reaching it, price may start forming another descending structure with predicted target at level of 1.3750. During this descending movement, pair is expected to form continuation pattern, which may help us to specify the target.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is moving upwards and may reach level of 1.6820. Later, in our opinion, instrument may start falling down to return to level of 1.6756, move upwards to reach level of 1.6905, and then start more serious correction.
USD CHF, “US Dollar vs Swiss Franc”
Franc is falling down towards level of 0.8800. After reaching it, price may form ascending structure to reach level of 0.8880 and then return to level of 0.8830.
USD JPY, “US Dollar vs Japanese Yen”
Yen completed correction with target at level of 102.15. We think, today price may move upwards to reach level of 103.10 and then continue falling down inside descending trend towards level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is extending its five-wave descending structure. We think, today price may consolidate and form reversal pattern to start new correction towards level of 0.9370.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues moving upwards. We think, today price may reach level of 35.82. Later, in our opinion, instrument may form another descending structure towards level of 34.78 and then continue growing up to reach level of 36.60.
XAU USD, “Gold vs US Dollar”
Gold reached new minimum and completed ascending impulse. We think, today price may form descending correction towards level of 1238 and then continue forming another ascending wave with target at level of 1357.
RoboForex Analytical Department