19 February, 2014
EUR USD, “Euro vs US Dollar”
Euro is still moving upwards. We think, today price may continue growing up towards level of 1.3900. Later, in our opinion, instrument may start new correction towards level of 1.3700 and then growing up to reach target at 1.4100.
GBP USD, “Great Britain Pound vs US Dollar”
Although Pound is moving downwards a bit right now, we think today it may continue moving upwards to reach target at level of 1.7000. Instrument may reach level of 1.6580 and then form another ascending structure towards above-mentioned target.
USD CHF, “US Dollar vs Swiss Franc”
Franc broke its consolidation channel downwards and right now is falling down. We think, today pair may continue moving downwards and forming descending wave towards level of 0.8300.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still consolidating. We think, today price may continue growing up to reach level of 104.00 and then start new descending structure towards level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is moving downwards. We think, today price may reach level of 0.9100 and then form reversal structure to continue moving inside descending trend to reach level of 0.8400.
XAU USD, “Gold vs US Dollar”
Gold is forming consolidation channel towards level of 1330. We think, today price may expand this channel downwards to reach level of 1298 and then upwards to reach level of 1330. Later, in our opinion, instrument may form reversal structure to start the fourth wave of this correction towards level of 1285 and then form another ascending structure to reach 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...