21 January, 2014
Euro formed the first ascending impulse and correction. We think, today price may continue forming ascending wave; the first target is at level of 1.3700. Later, in our opinion, pair may fall down towards 1.3650 and then start moving upwards again to reach target at 1.3800.
Pound is still moving inside the fourth wave of bullish wedge pattern. We think, today price may form consolidation channel inside this fourth wave and leave this channel upwards to reach level of 1.6500. Later, in our opinion, pair may form the fifth descending wave towards level of 1.6255 and then start reversal structure to continue ascending trend.
Franc formed the first descending impulse and corrected it. We think, today pair may continue moving inside descending trend. Main next target is at level of 0.8300.
Yen is still falling down inside the fifth wave of descending structure. We think, today price may continue moving downwards to reach level of 102.75.
Australian Dollar is forming consolidation channel to continue moving downwards to reach target at 0.8750. After reaching it, pair may consolidate for a while, break this level, and then continue this descending movement to reach level of 0.8400.
Gold is still moving inside the fifth ascending wave towards level of 1277. We think, today price may continue consolidating and forming continuation pattern near level of 1248.88. Later, after reaching this level, instrument may start new descending movement towards target at 1230.
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%|