25 February, 2014
EUR USD, “Euro vs US Dollar”
Euro is forming consolidation channel in the form of triangle pattern. We think, today price may form ascending structure to break pattern’s upper border and continue growing up towards level of 1.3900. Alternative scenario implies that instrument may continue consolidating towards level of 1.3680 and only after that then continue moving upwards to reach level of 1.3900.
GBP USD, “Great Britain Pound vs US Dollar”
Pound hasn’t completed its correction yet. We think, today price may rebound from level of 1.6700 and then reach level of 1.6580. Later, in our opinion, instrument may continue growing up according to our main scenario, towards level of 1.7000.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still falling down; market is forming another consolidation channel to continue descending trend. We think, today price may reach new minimums and then continue falling down towards target at level of 0.8730.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still forming the third ascending structure with target at 103.40. We think, today price may reach this target and then start correction towards level of 102.10. Later, in our opinion, instrument may complete this correctional flag pattern by forming the fifth wave and reaching level of 104.00. After that, pair may start another descending wave towards level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is moving upwards; market has reached minimum target of correction. We think, today price may form descending structure towards level of 0.8965 and then start another ascending movement to reach level of 0.9050. Later, in our opinion, instrument may continue moving inside descending trend to reach level of 0.8400.
XAU USD, “Gold vs US Dollar”
Gold reached target of the third ascending wave. We think, today price may form new correction to return to level of 1285 and then start another ascending structure to reach level of 1360, or even 1380.
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...