Analysis for April 21st, 2014
EURUSD, “Euro vs US Dollar”
Probably, Euro is finishing diagonal triangle [v] of C of (D) of ascending zigzag (D) of [B], which may be followed by final descending zigzag (E) of [B].
Possibly, price is forming final ascending zigzag (v) of [v] of C of (D). Right now, price is finishing descending correction b of (v) of [v] of C of (D).
Probably, pair is completing local descending correction b of (v) in the form of zigzag, which may be followed by ascending wave c of (v).
GBPUSD, “Great Britain Pound vs US Dollar”
Probably, Pound is completing final wedge [c] of D of ascending zigzag D of (B) with extension in its first wave (i) of [c]. After completing zigzag D of (B), price is expected to start final descending zigzag E of (B).
Possibly, pair is finishing final ascending impulse (v) of [c] of D. Right now, price is forming local descending correction iv of (v) of [c].
Probably, price is finishing local descending correction iv of (v). However, this assumption hasn’t been confirmed yet, and pair may have already started forming ascending wave v of (v).
USDCHF, “US Dollar vs Swiss Franc”
Probably, Franc is completing diagonal triangle (v) of [c] of D of descending zigzag D of (4), which may be followed by final ascending zigzag E of (4).
Possibly, price is forming final descending zigzag v of (v) of [c] of D. Pair is completing local ascending correction [B] of v, which may be followed by descending wave [C] of v.
Probably, price is finishing ascending correction [B] of v in the form of zigzag, which may be followed by descending impulse or diagonal triangle [C] of v.
USDJPY, “US Dollar vs Japanese Yen”
Possibly, Yen finished long horizontal correction 4 of (A). In this case, price is expected to start final ascending movement inside wave 5 of (A).
Possibly, pair completed skewed triangle 4 and started forming final ascending wave 5.
Possibly, price started final ascending wave 5; pair has already finished diagonal triangle [i] of 5. In this case, later price is expected to complete local descending correction [ii] of 5 and then continue growing up inside wave [iii] of 5.
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
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.