28 May, 2015
EUR USD, “Euro vs US Dollar”
After reaching new lows, Eurodollar is trying to expand its consolidation channel upwards and may test level of 1.1000 from below. Later, in our opinion, the market may fall towards its local target at level of 1.0810 and then return to level of 1.1000, thus forming a new consolidation channel. After that, the pair may continue falling inside the downtrend to reach level of 1.0500.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has formed a half of its descending wave, and right now is forming a downside continuation pattern. We think, today, the price may break the minimum of its consolidation channel and continue falling to reach level of 1.5120.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still consolidating. We think, today, the price may continue growing to reach level of 0.9610 and then fall towards level of 0.9462. Later, in our opinion, the market may start another ascending movement with the target at level of 0.9813.
USD JPY, “US Dollar vs Japanese Yen”
Yen is attempting to continue its ascending movement. We should note, that this growth might stop at any moment. The pair is expected to form a reversal pattern and start falling inside the downtrend. The first target is at level of 120.70.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is moving downwards; this movement may continue up to the target at level of 0.7510. An alternative scenario suggests that the market may test level of 0.7817 from below and then continue falling inside towards the above-mentioned target.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues moving upwards in the middle of the third wave. We think, today, the price may form a consolidation channel near the current levels, break it upwards, and then continue growing towards level of 55.50. Later, in our opinion, the market may resume falling to return to level of 50.00.
XAU USD, “Gold vs US Dollar”
Gold is forming another consolidation channel. If the price breaks it downwards, it may reach the target at level of 1178; if upwards – test level of 1198. Later, in our opinion, the market may continue falling to reach the lower border of the daily consolidation channel.
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...