Analysis for August 18th, 2014

EUR USD, “Euro vs US Dollar”

Euro is still moving inside a consolidation channel. We think, today the price may break level of 1.3410 upwards and then continue growing to reach level of 1.3440. Later, in our opinion, the instrument may form another consolidation channel to break this level as well and then continue moving upwards to reach level of 1.3475. The target of this whole structure is at level of 1.3500. After that, the market may fall towards 1.3440 and then start moving upwards inside the uptrend.

EURUSD


GBP USD, “Great Britain Pound vs US Dollar”

The market was opened with a gap up; Pound is still forming an ascending structure. We think, today the price may reach level of 1.6770 and then form a descending correction towards 1.6700. Later, in our opinion, the instrument may continue moving upwards to reach level of 1.6882.

GBPUSD


USD CHF, “US Dollar vs Swiss Franc”

Franc is still forming a descending structure towards level of 0.9015. After reaching it, the market may form another ascending structure to return to level of 0.9060. Later, in our opinion, the instrument may continue moving inside the downtrend towards level of 0.9000.

USDCHF


USD JPY, “US Dollar vs Japanese Yen”

Yen broke its correctional channel downwards. We think, today the price may continue forming a descending structure to break level of 101.70 and then break level of 100.50. After reaching it, the pair may form a correction towards level of 101.70 to test it from below and then another descending movement with the target at level of 99.30.

USDJPY


AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still forming an ascending structure to reach level of 0.9340. After reaching it, the pair may fall towards level of 0.9290 and then continue moving inside the uptrend. Alternative scenario implies that the market may break the minimum. In this case, the instrument may continue falling down to reach level of 0.9150.

AUDUSD


USD RUB, “US Dollar vs Russian Ruble”

Ruble is still falling. We think, today the price may form a descending wave to reach level of 35.17 and then return to level of 35.85. After that, the instrument may start forming another descending wave.

USDRUB


XAU USD, “Gold vs US Dollar”

Gold is under pressure and continues falling. We think, today the price may move downwards to reach level of 1288 and then return to level of 1303. Later, in our opinion, the instrument may start falling towards level of 1283.

Gold

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


Recommended Content

Editors’ Picks

EUR/USD drops below 1.0800 after German Retail Sales data

EUR/USD drops below 1.0800 after German Retail Sales data

EUR/USD has come under fresh selling pressure and trades below 1.0800 after the data from Germany showed that Retail Sales declined by 1.9% MoM in February. Resurgent US Dollar demand is adding to the downside in the pair. US data are next in focus. 

EUR/USD News

GBP/USD stays weak near 1.2600 amid market caution

GBP/USD stays weak near 1.2600 amid market caution

GBP/USD remains defensive near 1.2600 in European trading on Thursday. The hawkish tone from Fed Governor Christopher Waller keeps the US Dollar afloat amid a cautious trading environment ahead of key US data releases and the Good Friday trading lull. 

GBP/USD News

Gold price holds strength ahead of US core PCE inflation

Gold price holds strength ahead of US core PCE inflation

Gold price holds onto gains near $2,200 in Thursday’s European session. The precious metal exhibits firm footing ahead of the United States core PCE Price Index data for February, which will be published on Friday. 

Gold News

XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC

XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC

XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase. 

Read more

Portfolio rebalancing and reflation trades emerge into Q2

Portfolio rebalancing and reflation trades emerge into Q2

Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.

Read more

Majors

Cryptocurrencies

Signatures