6 February, 2014
EUR USD, “Euro vs US Dollar”
Euro is still consolidating; market has broken descending channel. We think, today price may form another ascending structure to break this consolidation channel upwards. Target of this ascending movement is at level of 1.3700.
GBP USD, “Great Britain Pound vs US Dollar”
After reaching new minimum, Pound is consolidating. We think, today price may form ascending structure to break this consolidation channel upwards and then continue growing up towards target at level of 1.6680.
USD CHF, “US Dollar vs Swiss Franc”
Franc broke its ascending channel downwards and right now is consolidating. We think, today pair fall down to break this consolidation channel downwards and continue moving downwards to reach level of 0.8930.
USD JPY, “US Dollar vs Japanese Yen”
Yen broke its descending channel and right now is consolidating. We think, today price may reach grow up towards level of 101.90 and then fall down to reach level of 101.40. Later, in our opinion, instrument may start forming new ascending structure to return to level of 103.40.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming ascending structure. We think, today price may fall down to reach level of 0.8820 and then continue moving inside descending trend towards level of 0.8400.
XAU USD, “Gold vs US Dollar”
Gold formed another ascending structure. We think, today price may fall down to return to level of 1240 and then start moving upwards towards level of 1255. Later, in our opinion, instrument may move downwards to reach level of 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...