9 April, 2014
EUR USD, “Euro vs US Dollar”
Euro extended its ascending structure and right now is forming consolidation channel inside new descending structure to reach the first target at level of 1.3740. Later, in our opinion, instrument may continue consolidating and falling down towards level of 1.3620. Alternative scenario implies that pair may continue growing up towards level of 1.3800.
GBP USD, “Great Britain Pound vs US Dollar”
Influenced by the news, Pound extended its ascending structure. We think, today price may fall down towards level of 1.6650 and then form consolidation channel to reach target at 1.6430. Alternative scenario implies that pair may leave this consolidation channel upwards and reach new maximum.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still moving downwards. We think, today price may consolidate for a while and leave its descending channel. Later, in our opinion, instrument may start another ascending structure to reach level of 0.8890. Alternative scenario implies that pair may continue falling down.
USD JPY, “US Dollar vs Japanese Yen”
Yen continues moving downwards and extending current structure. We think, today price may return to level of 10.320, consolidating for a while, and then continue growing up to reach level of 104.20. Alternative scenario implies that pair may break this consolidation channel downwards and then continue falling down towards level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is extending its ascending structure upwards. We think, today price may form reversal pattern to break this ascending channel and start falling down towards the first target at level of 0.9250.
USD RUB, “US Dollar vs Russian Ruble”
Ruble completed the first descending structure and correction. We think, today price may fall down to reach level of 35.33 and then form another ascending structure with target level of 36.20. Alternative scenario implies that pair may start forming ascending structure at once, break level of 35.75, and then form consolidation channel to continue moving towards above-mentioned target.
XAU USD, “Gold vs US Dollar”
Gold is consolidation near its maximum. We think, today price may reach level of 1315.45 and then start new correction towards level of 1295. Later, in our opinion, instrument may form another ascending structure with target at 1357.
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...