13 February, 2014
EUR USD, “Euro vs US Dollar”
Euro formed correction towards previous ascending wave and right now is forming ascending structure with target at level of 1.3700. Later, in our opinion, instrument may consolidate for a while and then continue moving upwards. Next target is at level of 1.3900.
GBP USD, “Great Britain Pound vs US Dollar”
Pound reached target of its ascending structure and right now is moving upwards. We think, today price may extend this structure towards level of 1.6680 and then form correctional structure to reach level of 1.6440. Later, in our opinion, instrument may form another ascending structure towards next target at level of 1.7000.
USD CHF, “US Dollar vs Swiss Franc”
Franc completed correctional ascending structure and right now is moving downwards. We think, today pair may reach level of 0.8888, return to level of 0.8950 and then form another descending structure to reach level of 0.8870.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still consolidating near broken descending channel. We think, today price may expand this consolidation downwards to reach level of 101.90 and then upwards, to 102.90. Later, in our opinion, instrument may fall down again towards level of 102.40 and then continue growing up to reach level of 104.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming descending structure towards level of 0.8888. Later, in our opinion, instrument may form new ascending structure towards level of 0.980 and then continue moving inside descending trend to reach level of 0.8400.
XAU USD, “Gold vs US Dollar”
Gold is still moving above level of 1283 and may continue growing up towards level of 1306. Alternative scenario implies that price may start descending correction to reach level of 1230 and only after that 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...