13 January, 2014
Euro is still forming ascending structure. We think, today price may consolidate for a while near level of 1.3687, break this consolidation channel upwards, and then continue moving upwards to reach level of 1.3800. Later, in our opinion, pair may form descending wave towards target at 1.3700.
Pound is still forming consolidation channel close to level of 1.6515. We think, today price may break this channel upwards and continue growing up to reach level of 1.6655. Later, in our opinion, pair may start new descending structure to return to current consolidation.
After falling down last Friday, Franc continues forming consolidation channel; this movement may be considered as continuation of down trend. Next target is at 0.8900.
Yen is still forming the third descending wave, which may be considered as correction. We think, today price may reach level of 102.70 and then test level of 104.00 from below. Later, in our opinion, pair may complete the first wave of this correction by forming one more descending structure and reaching level of 102.30.
Australian Dollar reached target of its correction. We think, today price may continue forming descending structure inside down trend. Main target of this wave is at 0.8400.
Gold is still moving upwards. We think, today price may form consolidation channel near level of 1248. Break it upwards, and then continue growing up to reach target at 1277. Later, in our opinion, instrument may form new descending structure to return to level of 1250.
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...