4 February, 2014
EUR USD, “Euro vs US Dollar”
Euro formed the first ascending impulse and corrected it. We think, today price may continue moving upwards to break maximum of the first impulse and descending channel as well. Main target of this ascending movement is at level of 1.3700.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still moving inside descending channel. We think, today price may reach level of 1.6270 and testtriangle pattern from above. Later, in our opinion, instrument may form reversal pater for new ascending structure with target at level of 1.6680.
USD CHF, “US Dollar vs Swiss Franc”
Franc is forming descending structure. We think, today pair break ascending channel and continue falling down towards level of 0.8970. Later, in our opinion, instrument may consolidate for a while and then continue moving downwards.
USD JPY, “US Dollar vs Japanese Yen”
Yen broke its consolidation channel downwards and is still forming its descending structure. We think, today price may test level of 101.90 from below and then continue falling down towards target at level of 100.40.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is being corrected; market completed the third wave of this correction. We think, today price may continue moving downwards to reach level of 0.8750 and then complete this correction by forming its fifth wave at level of 0.8910. Later, in our opinion, instrument may continue moving inside descending trend to reach level of 0.8400.
XAU USD, “Gold vs US Dollar”
Gold finished the fourth ascending wave. We think, today price may form the fifth wave of this correction with target at level of 1230. Later, in our opinion, instrument may form reversal pattern and start new ascending movement towards level of 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...