7 July, 2015
EUR USD, “Euro vs US Dollar”
After making several attempts to rebound, Eurodollar is consolidating. We think, today, the price may fall towards level of 1.0930. After that, the pair may return to level of 1.1182.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is trying to return to level of 1.5647. After that, the price may fall towards level of 1.5500 and then grow to return to level of 1.5717.
USD CHF, “US Dollar vs Swiss Franc”
Franc is moving inside an ascending wave towards level of 0.9483, thus forming the borders of another consolidation channel. If the market breaks the channel upwards, it may reach level of 0.9545; if downwards – fall towards level of 0.9360.
USD JPY, “US Dollar vs Japanese Yen”
Yen is moving inside a descending wave with the target at level of 121.66. We think, today, the price may form the part of this wave to return to level of 123.24 and then continue falling towards the above-mentioned target. This structure may be considered as the half of the third descending wave.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has formed only an ascending impulse. We think, today, the price may form another ascending impulse, the third one. After forming it, the market is expected to start a correction, thus forming a consolidation channel. If the pair breaks it upwards, it may continue growing to return to level of 0.7676.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still forming an ascending structure towards level of 58.50. We think, today, the price may reach this target and start consolidating with a reversal structure. The next downside target is at level of 52.50.
XAU USD, “Gold vs US Dollar”
After rebounding from level of 1173, Gold has started forming another consolidation channel. We think, today, the price may fall towards level of 1157, break it, and then form another descending structure to reach the local target at level of 1140.
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...