13 December, 2013
Euro is moving downwards; marker formed continuation pattern. Target is at 1.3707 (at least). Later, in our opinion, pair may form another ascending structure towards 1.3815 and then start new, deeper and more serious correction.
Pound continues falling down. We think, today price may reach 1.6280 and then return to 1.6400. Later, in our opinion, pair may continue moving downwards. Alternative scenario implies that after reaching 1.6400, price may continue moving inside up trend.
Franc broke its consolidation channel upwards and continues forming ascending structure, which may be considered as correctional one. We think, today price may reach 0.8920 and then fall down towards 0.8880. Later, in our opinion, pair may move upwards to reach 0.8927 and then continue falling down towards 0.8820.
Yen reached new maximum. We think, today price may return to 102.86 and then form another ascending structure to reach 104.10. If pair forms pivot point, market may reverse and start moving inside down trend.
Australian Dollar reached another target of decline and right now is forming continuation pattern to continue falling down. We think, today price may completed this descending structure by reaching 0.8713 and then start new correction towards 0.9077.
Gold broke level of 1238 and continues forming descending wave; right now, market is moving inside consolidation channel. Target of this decline is at 1195. After reaching it, instrument may start forming new ascending wave towards 1360.
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...