28 February, 2014
Euro formed the third structure of descending wave, which may be considered as correction. We think, today price may form another descending structure to reach minimum of this wave and then continue moving upwards to reach target at level of 1.3900.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still forming consolidation channel; market may yet continue moving downwards. We think, today price may move downwards to reach level of 1.6575 and then continue growing up towards level of 1.7000.
USD CHF, “US Dollar vs Swiss Franc”
Franc completed another structure of the third ascending wave. We think, today price may form one more ascending structure to reach level of 0.8930 and then continue falling down towards level of 0.8730.
USD JPY, “US Dollar vs Japanese Yen”
Yen couldn’t continue its ascending movement towards level of 103.30 and right now is moving downwards. We think, today price may break its consolidation channel downwards and then continue falling down towards level of 100.00. Later, in our opinion, instrument may reverse and start growing up to return to level of 102.80.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar completed the third descending weave and corrected it. We think, today price may form another descending structure to reach level of 0.8870, consolidate for a while, and then continue moving inside descending trend towards level of 0.8400.
XAU USD, “Gold vs US Dollar”
Gold completed the first descending impulse and right now is correcting it. We think, today price may return to level of 1336, form another descending structure towards level of 1303, and then return to level of 1320. Later, in our opinion, instrument may form the fourth correctional wave with target 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...