24 February, 2014
EUR USD, “Euro vs US Dollar”
Euro is moving inside ascending channel; this structure may be considered as the third ascending wave with target at level of 1.3900. We think, today price may reach new maximum, consolidate for a while, and then continue growing up towards above-mentioned target. Alternative scenario implies that instrument may first reach level of 1.3680 and only after that then continue moving upwards.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is under pressure and still moving downwards; predicted target is at level of 1.6576. Later, in our opinion, instrument may continue growing up towards level of 1.7000.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still falling down. We think, today price may move downwards to reach new minimums, consolidate for a while, and then continue falling down towards target at level of 0.8730.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still consolidating near level of 102.40. We think, today price may fall down to reach level of 102.10 and then form the third wave of flag pattern by growing up and reaching level of 103.40. Later, in our opinion, instrument may start another descending movement to return to level of 102.40.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar completed descending wave. We think, today price may form another ascending structure towards level of 0.9025 and then continue moving inside descending trend to reach level of 0.8400.
XAU USD, “Gold vs US Dollar”
Gold is still forming consolidation channel near its maximums. We think, today price may grow up and reach level of 1330. Later, in our opinion, instrument may form new descending structure to complete the fourth wave at level of 1285.
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...