27 December, 2013
Euro expanded its consolidation channel upwards and is going to continue moving inside down trend; current correction may yet continue. We think, today price may fall down to reach level of 1.3560 and then continue growing up with target at 1.4100.
Pound expanded its consolidation channel downwards and is going to continue moving inside up trend; this correction may yet continue. We think, today price may reach level of 1.6300 and then continue moving upwards to reach predicted target at 1.7150.
Franc is still moving inside its consolidation channel. We think, today price may reach level of 0.9060 (at least). This growth may be considered as correction towards previous descending movement. Later, in our opinion, instrument may moving inside down trend with target at 0.8300.
Thanks to the gap, Yet expanded its consolidation channel upwards. We think, today price may fall down to 104.00, and then continue falling down towards next target at 103.00. Later, in our opinion, instrument may start new correction to reach 104.00.
Australian Dollar is still consolidating. We think, today price may test level of 0.8840 and then form another ascending structure to reach level of 0.8958. Later, in our opinion, instrument may start moving inside down trend. Next target is at 0.8720.
Gold is still moving towards level of 1220; this movement may be considered as the fourth wave. Later, in our opinion, instrument may start the fifth wave inside this final structure with target at 1175 and then form reversal pattern for new ascending movement to return to 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...