Article By RoboForex.com
Analysis for April 11th, 2014
EUR USD, “Euro vs US Dollar”
Euro expanded its consolidation upwards and is still moving inside ascending channel. We think, today price may fall down to expand this consolidation channel downwards. The first target is at level of 1.3754.
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues forming descending impulse. We think, today price may reach the first target at level of 1.6740, grow up to return to 1.6780, and then continue falling down towards level of 1.6640.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still moving inside descending structure. We think, today price may fall down to reach level of 0.8730 and then start new correction towards level of 0.8840.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still consolidating; market completed another descending structure and reached new minimum. We think, today price may continue falling down towards level of 100.00 without returning to level of 103.00. Alternative scenario implies that pair may start new correction towards level of 103.00 and only after continue moving downwards to reach level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian is forming the second descending impulse. We think, today price may correct this impulse towards level of 0.9400 and then form the third descending wave with target at 0.9330. Later, in our opinion, instrument may continue forming head & shoulders reversal pattern by moving towards level of 0.9400. Target of this pattern is at 0.9150.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still being corrected towards level of 35.33. Later, in our opinion, instrument may ascending wave to break level of 35.80 and then continue growing up towards local target at level of 36.20.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating near level of 1320. We think, today price may form reversal pattern to start new correction towards level of 1295. Later, in our opinion, instrument may start new ascending movement towards next target at 1357.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
