7 March, 2014
EUR USD, “Euro vs US Dollar”
Euro reached another target level. We think, today price may form consolidation channel near current maximum, leave it upwards, and then continue growing up to reach level of 1.4000. Later, in our opinion, instrument may consolidate and form correction towards level of 1.3900 and then move upwards to reach level of 1.4100.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still forming ascending structure towards level of 1.6800. Right now, market is forming consolidation channel. We think, today price may leave it upwards and continue growing up towards above mentioned target. Later, in our opinion, instrument may return to level of 1.6700 and then continue growing up towards target at level of 1.7000.
USD CHF, “US Dollar vs Swiss Franc”
Franc continues falling down towards target at 0.8730. We think, today price may consolidate for a while near current levels and then start falling down towards above mentioned target. Later, in our opinion, instrument may form another consolidation channel and continue moving downwards to reach level of 0.8300.
USD JPY, “US Dollar vs Japanese Yen”
Yen continues forming ascending structure; market is forming consolidation channel. We think, today price may leave it upwards to reach level of 103.30, return to level of 102.80, and then start moving towards level of 104.40.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is finishing ascending wave. We think, today price may form consolidation channel and move upwards to reach level of 0.9114. Later, in our opinion, instrument may form reversal pattern to continue moving downwards to reach target at 0.8400.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is forming consolidation channel inside the third descending wave; market is forming of divergent triangle pattern. We think, today price may form the second half of the third wave with target at level of 35.58. Later, in our opinion, instrument may return to level of 36.06 and then form another the fifth wave to reach level of 35.28.
XAU USD, “Gold vs US Dollar”
Gold completed the first descending impulse and then formed ascending correctional structure. We think, today price may fall down and form double top pattern towards level of 1285. Later, in our opinion, instrument may start new ascending movement towards 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...