14 February, 2014
EUR USD, “Euro vs US Dollar”
Euro formed ascending wave. We think, today price may form consolidation channel near the top of this wave and then continue growing up towards level of 1.3700. Later, in our opinion, instrument may form another consolidation channel and then continue moving upwards again to reach next target at level of 1.3900.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still consolidating near the top of this ascending wave; right now market is moving inside ascending structure with target at 1.6900. We think, today price may form consolidation channel and then leave it upwards. Alternative scenario implies that instrument may start slight correction and then continue growing up.
USD CHF, “US Dollar vs Swiss Franc”
Franc completed another descending wave and right now is consolidating near its top. We think, today pair may continue fall down to reach level of 0.8300. The closest intermediate target is at level of 0.8730.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still falling down; market formed five-wave structure, which may be considered as correction towards previous ascending movement. We think, today price may form new ascending structure to reach level of 104.00. Alternative scenario implies that instrument may fall down towards level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming ascending structure towards level of 0.9100. Later, in our opinion, instrument may form new descending structure towards level of 0.8880, consolidate for a while, and then continue moving inside descending trend to reach level of 0.8400.
XAU USD, “Gold vs US Dollar”
Gold is still moving upwards and forming ascending wave with target at level of 1315. We think, today price may form descending structure towards level of 1285 and then start new ascending movement to reach level of 1330.
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...