18 May, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still moving upwards. As long as the pair is moving inside an ascending channel, it may continue growing to reach level of 1.1700. Later, in our opinion, the market may start a correction to return to level of 1.2000 and then resume growing towards level of 1.1800.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is falling. We think, today, the price may expand its trading range downwards to reach level of 1.5620. Later, in our opinion, the market may return to level of 1.5700.
USD CHF, “US Dollar vs Swiss Franc”
Franc is expected to continue falling towards level of 0.8989 and then test level of 0.9100 from below. Later, in our opinion, the market may complete the third wave by falling again to reach level of 0.8870. After that, the pair may form the fourth wave to return to level of 0.9360.
USD JPY, “US Dollar vs Japanese Yen”
Yen is falling to reach level of 119.00. After reaching it, the price may break it and continue falling towards 117.80. Later, in our opinion, the market may return to level of 119.00 and then continue falling towards level of 117.30.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is moving downwards. We think, today, the price may complete the first structure of the correction; the target is at level of 0.7970. After that, the pair may return to level of 0.8070 to test it from below and then continue the correction towards level of 0.7815.
USD RUB, “US Dollar vs Russian Ruble”
Being influenced by fundamental background, Ruble is still falling. We think, today, the price may continue moving downwards to reach level of 46.00. However, an alternative scenario implies that the pair may break its descending channel and start forming an ascending correction with the target at level of 58.50.
XAU USD, “Gold vs US Dollar”
Gold has broken its consolidation channel upwards and may continue moving according to an alternative scenario: the third ascending wave with the target at level of 1250. Later, in our opinion, the market may start a correction to return to level of 1210.
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...