11 February, 2014
EUR USD, “Euro vs US Dollar”
Euro is still forming ascending structure with target at level of 1.3700. We think, today price may reach this target and then start falling down towards level of 1.3640, at least. Later, in our opinion, instrument may continue moving upwards to break level of 1.3700. Next target of the growth is at 1.3900.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is also still moving inside ascending structure. We think, today price may reach level of 1.6500, fall down towards 1.6420, and then and then form another ascending structure to reach level of 1.6530.
USD CHF, “US Dollar vs Swiss Franc”
Franc is moving downwards; market is forming continuation structure near level of 0.8975. We think, today pair fall down to reach level of 0.8880. Later, in our opinion, instrument may return to level of 0.8940 and then move downwards to reach level of 0.8878.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still growing up and forming continuation pattern. We think, today price may form ascending structure to break descending channel and start reach level of 102.90. Later, in our opinion, instrument may fall down to break level of 102.40 and start new ascending movement towards level of 104.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming divergent triangle pattern at the top of another ascending wave. We think, today price may fall down towards lower border of this trading range. This pattern may be considered as reversal pattern. Later, in our opinion, instrument may continue moving inside descending trend to reach level of 0.8800.
XAU USD, “Gold vs US Dollar”
Gold reached another target of its ascending movement. We think, today price may start correction towards level of 1230. This correction is expected to be five-wave structure in the form of bullish flag pattern. First target is at level of 1265.
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...