20 February, 2014
EUR USD, “Euro vs US Dollar”
Euro is still consolidating. We think, today price may grow up towards level of 1.3815 and then fall down to test level of 1.3760 from above. Later, in our opinion, instrument may continue moving upwards to reach level of 1.3900.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still consolidating near broken channel. Such market behavior implies that price may form another descending structure towards level of 1.6580. However, main scenario suggests that instrument may continue growing up towards level of 1.7000.
USD CHF, “US Dollar vs Swiss Franc”
Franc continues moving downwards and right now is forming another consolidation channel. After that, price may continue falling down. Main target is at level of 0.8300; level of 0.8730 may be a strong resistance level.
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. Alternative scenario implies that pair may break level of 101.40 and then continue falling down towards level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is moving downwards; market completed descending wave with extension. We think, today price may form correction towards level of 0.9015 and then start forming another descending structure to reach level of 0.8780. Alternative scenario implies that pair may reach level of 0.9100 and then continue moving inside descending trend to reach level of 0.8400.
XAU USD, “Gold vs US Dollar”
Gold is forming consolidation channel near level of 1316. We think, today price may grow up and reach level of 1330. Later, in our opinion, instrument may form new correction towards level of 1285 and then form the fifth ascending wave 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...