17 February, 2014
EUR USD, “Euro vs US Dollar”
Market was opened with gap and Euro is trying to continue moving upwards; price is forming ascending wave with target at 1.3900. We think, today price may form consolidation channel near level of 1.3700 and then continue growing up. This consolidation channel is expected to be between levels of 1.3660 and 1.3760.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still forming ascending structure. We think, today price may continue moving upwards to reach level of 1.6900. We think, today price may form consolidation channel and then fall down towards level of 1.6800. Later, in our opinion, instrument may start new ascending movement to reach level of 1.7000.
USD CHF, “US Dollar vs Swiss Franc”
Franc is forming consolidation channel to break level of 0.8920. We think, today pair may fall down to reach level of 0.8850, break it, and then continue moving downwards to reach main target at level of 0.8300.
USD JPY, “US Dollar vs Japanese Yen”
Yen couldn’t form ascending structure towards level of 104.00 and right now is moving downwards. We think, today price may continue falling down towards level of 100 and then form reversal structure to start new ascending movement to reach level of 104.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming ascending structure. We think, today price may reach level of 0.9100. Later, in our opinion, instrument may form reversal structure to 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. We think, today price may reach level of 1330, start correction towards level of 1285 and then continue growing up to reach level of 1360. Later, in our opinion, instrument may extend this wave up to level 1380 and then start new descending structure to break minimums.
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...