11 March, 2014
EUR USD, “Euro vs US Dollar”
Euro is still consolidating. We think, today price may move downwards a little bit inside this consolidation channel, leave it upwards, and then continue growing up to reach level of 1.3990. Later, in our opinion, instrument may continue moving upwards towards level of 1.4100.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is moving inside consolidation channel; market is going to continue this correction. We think, today price may form the third wave of this correction by falling down towards lower border of this trading range and reaching level of 1.6560. Later, in our opinion, instrument may return to level of 1.6750.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still consolidating. We think, today price may return to level of at 0.8805 and then continue moving downwards to reach level of 0.8730.
USD JPY, “US Dollar vs Japanese Yen”
Yen continues forming descending structure towards level of 102.80. Later, in our opinion, instrument may return to level of 104.40, and then start moving downwards to reach level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar broke its ascending channel and right now is forming consolidation channel; market is expected to form continuation pattern towards level of 0.8935. Later, in our opinion, instrument may return to the level where the channel was broken, thus forming head & shoulders reversal pattern. Main scenario implies that instrument may form another descending wave towards level of 0.8400.
USD RUB, “US Dollar vs Russian Ruble”
Ruble wasn’t traded yesterday. Main scenario remains the same. We think, today price may grow up towards level of 36.50 and then form the fifth wave with target at level of 35.60. Later, in our opinion, instrument may start another ascending movement to reach level of 37.60.
XAU USD, “Gold vs US Dollar”
Gold is being corrected inside flat horizontal trading range. We think, today price may reach level of 1345, fall down towards level of 1326, and then return to level of 1340. Later, in our opinion, instrument may continue forming descending correction. Alternative scenario implies that price may continue growing up 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...