14 January, 2014
Euro is falling down a little bit; this movement may be considered as correction towards ascending structure formed last Friday. We think, today price may continue growing up to break level of 1.3686, form consolidation channel near this levels, and then continue moving upwards to reach target at 1.3800.
Pound is still being corrected. We think, today price may continue falling down towards level of 1.6265, move upwards to reach level of 1.6440, and then complete this correction by finishing its fifth wave at level of 1.6185. Later, in our opinion, pair may form reversal pattern to start new ascending structure inside up trend.
Franc is still consolidating; market is forming continuation pattern to continue falling down. Price has already formed central structure near level of 0.9015. We think, today pair may continue moving downwards to reach level of 0.8920.
Yen is still forming the third descending structure with target at 102.74. We think, today price may reach this target and then move upwards to 104.00. Later, in our opinion, pair may complete this correction by forming the fifth descending structure to reach level of 102.60 and then start new ascending movement to return to level of 104.00.
Australian Dollar started forming new impulse to continue descending movement. We think, today price may fall down towards level of 0.9000, return to 0.9045, and then start forming another descending structure inside down trend. Main target of this wave is at 0.8400.
Gold is still consolidating; market has formed central part of continuation pattern near level of 1248.88. We think, today price may continue forming this ascending structure towards level of 1277.
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...
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