Analysis for April 28th, 2014
EUR USD, “Euro vs US Dollar”
Euro is still consolidating. We think, today price may reach level of 1.3859 and then form another descending structure to break minimum and continue falling down towards level of 1.3715. We should note, that this descending movement may continue only as a part of correction inside main trend towards level 1.3990. This short-term tendency is ascending and may yet continue.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is being corrected towards previous ascending wave. We think, today price may move downwards to reach level of 1.6757. Later, in our opinion, instrument may start another ascending structure towards to level of 1.6905 and then start more serious correction to reach level of 1.6687.
USD CHF, “US Dollar vs Swiss Franc”
Franc is moving upwards. We think, today price may continue growing up towards level of 0.8890 and then form start falling down to reach level of 0.8630.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still being corrected. We think, today price may move upwards to reach level of 103.10 and then continue falling down inside descending trend. After breaking correctional channel, pair may start moving towards level of 100.85.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar continues forming descending wave with target at level of 0.9245. We think, today price may start new correction in the form of bearish flag
pattern with target at level of 0.9350.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues forming ascending structure with target at level of 36.28. Later, in our opinion, instrument may start falling down towards level of 34.78 and then continue growing up to reach level of 37.50.
XAU USD, “Gold vs US Dollar”
Gold is still forming ascending structure; which may be considered as continuation pattern. We think, today price may reach level of 1307 and then form descending structure towards level of 1297.25. Later, in our opinion, instrument may start new ascending movement with target at level of 1326.28.
RoboForex Analytical Department