28 November, 2013
Euro is consolidating near its maximums. We think, today price may form correction towards 1.3440. We should note, that market is moving inside the fifth ascending wave and current tendency is ascending, that’s why alternative scenario implies that pair may continue growing up to reach 1.3700 without any corrections.
Pound continues moving upwards. We think, today price may reach 1.6350, consolidate for a while, and then start new correction towards 1.6110 (at least). If pair forms pivot point at the top, possible correction may be deeper.
Franc is still forming continuation pattern to continue moving downwards; it has already completed central part near 0.9075. We think, today price may fall down towards 0.9020, return to 0.9075, and then continue moving downwards to reach 0.8900.
Yen reached new maximum and continued forming ascending structure with target at 102.90. We think, today price may grow up to reach 102.50, consolidate for a while, and then break this consolidation channel upwards to reach above-mentioned target. Later, in our opinion, pair may form pivot point for new descending trend.
Australian Dollar reached new minimum of its consolidation structure. We think, today price may continue moving downwards and reach 0.8060. Later, in our opinion, pair may form reversal structure for new ascending movement with target at 0.9250.
Gold is still consolidating near 1243. We think, today price may fall down towards 1230 and then form another ascending structure to reach 1240. Later, in our opinion, instrument may start new descending movement towards main target at 1195 and then grow up again to reach upper border of triangle pattern from daily chart.
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...