26 November, 2013
Euro continues growing up towards target at 1.3590; right now market is forming the fifth ascending wave. We think, today price may consolidate at current levels and then start moving upwards to reach above-mentioned target. Later, in our opinion, pair may start new correction towards level of 1.3440 (as a maximum).
Correction is taking place and Pound has reached its minimum. We think, today price may continue forming ascending structure towards level of 1.6350. Alternative scenario implies that pair may fall down to 1.607 and then start forming ascending structure to reach above-mentioned level.
Franc rebounded from 0.9125 and right now is moving inside descending structure again. We think, today price may continue moving downwards to reach new minimum and then start new correction towards 0.9160. Alternative scenario implies that pair may consolidate for a while after reaching new minimum and then continue moving inside down-trend.
Yen is forming descending impulse, which is not strong enough to continue current correction. We think, today price may continue growing up towards level of 102.60 ad then start correction to reach 99.74.
Australian Dollar is trying to grow up while forming divergent triangle pattern. We think, today price may reach 0.9200 and then move downwards to reach new minimum.
Gold is trying to from ascending wave with continuation; right now market is attempting to break descending channel. We think, today price may fall down towards 1235 and only after that, price (in case it breaks current maximum) may start new correction. Until that, main scenario suggests that instrument may continue falling down towards 1195.
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...