30 January, 2014
Euro is still moving inside descending correction. We think, today price may form ascending structure to reach level of 1.3800. Alternative scenario implies that pair may continue moving downwards to reach level of 1.3600 and then start new ascending movement towards main target at level of 1.4100.
Pound is still being corrected. We think, today price may leave this correctional channel to reach target at level of 1.6680. Alternative scenario implies that pair may move downwards to reach level of 1.6510 and only after that start new ascending correction to reach above-mentioned target.
Franc is still moving near its current minimums. We think, today price may form consolidation pattern and reach new minimum. Later, in our opinion, market may return to level of 0.8950 and then continue falling down towards main target at 0.8300.
Yen is still forming the fifth descending wave. We think, today price may reach level of 101.70 and then form new ascending structure towards level of 103.80. Later, in our opinion, market may continue this correction to reach level of 100.00.
Australian Dollar is forming another descending structure towards target at level of 0.8400. Later, in our opinion, market may start new ascending movement to return to level of 0.9070.
Gold completed its correction. We think, today price may form another descending structure to break level of 1254. Later, in our opinion, market may consolidate for a while and then form continuation pattern to continue falling down and reach local target at 1239. After that, instrument may 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...