5 December, 2013
Euro is still forming consolidation structure. We think, today price may fall down towards level of 1.3460. Alternative scenario implies that pair may break level of 1.3620 upwards and extend the fifth wave by moving upwards to reach 1.3700. Later, in our opinion, price may start new correction to return to level of 1.3620 to test it from above and then continue growing up.
Pound is forming its first correctional descending wave. We think, today price may fall down to reach 1.6320, return to 1.6380, and then start new descending structure to break 1.6300 and reach 1.6200.
Franc continues moving downwards; market has already reached level of 0.9010. We think, today price may form the third descending wave towards target at 0.8900, break it, and continue falling down.
Yen is still forming the third wave of its descending structure. We think, today price may reach level of 101.80 and form continuation pattern near it. Target is at level of 100.80.
Australian Dollar broke level of 0.9050 and right now is consolidating below it. We think, today price may continue falling down and reach 0.8945. Target of this whole descending movement is at 0.8460.
Gold formed three wave ascending structure. We think, today price may move downwards to reach 1201. Return to 1226, and then fall down again to reach 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...
|8||Fort Financial Services||67%|