18 November, 2013
Euro continues forming the third ascending wave. We think, today price may reach local predicted target at 1.3570 and then fall down towards 1.3440. Later, in our opinion, pair may start another ascending structure to reach main target of this ascending wave at 1.3590.
Pound completed its ascending wave and may continue growing up. Market wasn’t able to form correctional structure; it has broken the top of ascending impulse. We think, today price may form consolidation channel and then break it upwards. Target of this ascending movement is at 1.6350.
Franc continues consolidating inside the third descending wave. We think, today price may leave this consolidation channel downwards, reach 0.9080, and then return to 0.9160. Later, in our opinion, pair may start another descending movement towards 0.9070 and complete this five-wave structure, which may be considered as the first one of new down-trend.
Yen started forming first descending impulse. We think, today price may form wave with target at 98.50 and then start new correction to return to 99.50. Later, in our opinion, pair may form another descending wave to break lower border of triangle pattern from daily chart.
Australian Dollar continues forming ascending structure, which may be considered as the third ascending wave with target at 0.9450. Later, in our opinion, price may fall down to return to 0.9370 and then form another ascending structure, the fifth one, to complete current correction at 0.9466. After that, pair may start new descending movement towards 0.9210.
Gold is still moving inside the third ascending structure. We think, today price may leave its consolidation channel upwards, reach 1300, and then fall down to return to 1280. Later, in our opinion, instrument may complete this correction by forming the fifth wave and reaching 1306, and then start forming new descending impulse towards 1240.
RoboForex Analytical Department
Eurodollar has almost reached the target of its ascending wave. We think, today, the price may continue forming its consolidation channel at the top of this ascending structure. Possibly, the pair may reach 1.0997...
Eurodollar is still forming an ascending structure, which may be considered as the fourth correctional one inside the descending wave. We think, today, the price may complete the current growth by reaching 1.0997 and then start falling to form the fifth structure with the target at 1.0752...
The euro dollar currency is trading with a decline today. The channel of the fourth component of growth is breaking through. The next step is the fifth with a target at the level of 1.0752. Next, we consider the possibility of the correction returning to the level of 1.0900...
Eurodollar has almost completed the correction. We think, today, the price may form another descending structure to reach 1.0752 and then return to 1.0900...
Eurodollar is consolidating close to Super Trends, which may soon form bearish cross to confirm a new decline of the price. The closest target is at the 0/8 level. If later the par breaks this level, it may continue falling much deeper...
Eurodollar has expanded its trading range downwards and returned to the center of the channel. We think, today, the price may be corrected towards 1.0914 to test it from below and the form another descending wave with the target at 1.0742...
After finishing the wave [a], the pair has started a new local correction. Earlier, the price completed the descending impulse in the wave 3 or C. Later, Eurodollar may complete the wave [b] and start forming the ascending impulse in the wave [c] of 4...
Eurodollar has finished another descending structure to expand its consolidation channel downwards. We think, today, the price may return to 1.0984. Later, in our opinion, the market may rebound from this level and continue falling inside the downtrend towards 1.0770...
Eurodollar is expanding its consolidation channel upwards. We think, today, the price may prefer to move according to an alternative scenario and grow to reach 1.1068. Later, in our opinion, the market may fall and expand the channel downwards to reach 1.0925...