26 February, 2014
EUR USD, “Euro vs US Dollar”
Euro is still moving inside triangle pattern. We think, today price may form continue growing up towards its main target at level of 1.3900. Alternative scenario implies that instrument may try to test level of 1.3680 from above and only after that continue moving upwards to reach above mentioned target.
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues moving inside descending channel towards level of 1.6580; this movement may be considered as correction. Later, in our opinion, instrument may continue growing up towards level of 1.7000.
USD CHF, “US Dollar vs Swiss Franc”
Franc is forming another consolidation channel towards level of 0.8730, which may be considered as continuation pattern to continue descending trend. Later, in our opinion, instrument may form another consolidation channel and then then continue falling down.
USD JPY, “US Dollar vs Japanese Yen”
Yen couldn’t finish its ascending structure; by now, market has completed correction towards previous ascending impulse. We think, today price may form the third ascending wave towards level of 103.30, fall down to test level of 102.40 from above, and then complete this correction by form another ascending structure at level of 104.00. Alternative scenario implies that instrument may fall down to reach level of 100.00 and after that start new ascending wave towards level of 104.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar finished the fourth wave of flag pattern. We think, today price may complete this correction by forming the fifth wave of this pattern, ascending structure towards 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 continues forming ascending structure; by now, market has already reached target of the third ascending wave. We think, today price may form the fourth wave of this correction to return to level of 1285 and then start another ascending structure to reach level of 1360, at least.
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...
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