Analysis for April 1st, 2014
EUR USD, “Euro vs US Dollar”
Euro completed the third ascending impulse. We think, today price may form the fifth structure of this wave with target at 1.3826 and then start falling down towards level of 1.3765. Later, in our opinion, instrument may start new ascending wave towards level of 1.3990.
GBP USD, “Great Britain Pound vs US Dollar”
Pound reached new maximum and is still moving upwards. We think, today price may form consolidation channel and reversal pattern to start new descending wave with target at level of 1.6558.
USD CHF, “US Dollar vs Swiss Franc”
Franc completed another descending impulse and right now is consolidating near its minimum; this consolidation may be considered as the third wave. We think, today price may continue moving downwards to reach target at level of 0.8780.
USD JPY, “US Dollar vs Japanese Yen”
Yen rebounded from the upper border of its consolidation channel and may renew maximum of current wave. We think, today price may form reversal pattern to start new descending movement towards level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar formed another descending impulse. We think, today price may consolidate for a while and then form reversal pattern to start new descending movement towards level of 0.9200. Later, in our opinion, instrument may continue falling down to reach level of 0.9150.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still forming descending structure. We think, today price may reach level of 34.90 and then return to 36.20. Later, in our opinion, instrument may start new descending wave.
XAU USD, “Gold vs US Dollar”
Gold reached target of its descending movement. We think, today price may consolidate for a while, form reversal pattern, and start forming new ascending wave. Target is at level of 1435.
Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.
Recommended Content
Editors’ Picks
AUD/USD recovers further toward 0.6800 on risk-recovery
AUD/USD extends recovery toward 0.6800 in Asian trading on Thursday, despite mixed Australian employment data. The Aussie cheers a return of risk appetite, which weighs on the post-Fed US Dollar recovery. All eyes now remain on US economic data for fresh impetus.
USD.JPY reverses sharply from 144.00, as US Dollar recovery fizzles
USD/JPY is attacking 143.00 in Thursday's Asian session, reversing sharply from 144.00. The pair pares back gains in tandem with the US Dollar, as the latter's post-Fed recovery falters due to a rebound in risk sentiment. The focus is next on the US data due later today and Friday's BoJ decision.
Gold defends $2,550 in the Fed’s aftermath, ahead of US data
Gold price is defending $2,550 early Thursday, catching a breath after intense volatility witnessed in the aftermath of the all-important US Federal Reserve monetary policy announcements and Fed Chairman Jerome Powell’s press conference.
Bitcoin surges to $62,000 mark after 50 bps Fed rate cut
Bitcoin and Ripple eye for a rally as they break and find support around their resistance barrier. Meanwhile, Ethereum demonstrates signs of recovery as it approaches a critical resistance level, indicating that an upward rally could be on the horizon if it successfully breaks through.
Australian Unemployment Rate expected to hold steady at 4.2% in August
The Australian Bureau of Statistics will release the monthly employment report at 1:30 GMT on Thursday. The country is expected to have added 25K new positions in August, while the Unemployment Rate is foreseen to remain steady at 4.2%.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.