8 July, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has reached the target of its descending wave; the pair has formed an ascending impulse and a correction. We think, today, the price may start forming an ascending structure to reach level of 1.1180.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has reached the target of its descending wave; the pair has even formed an extension, which is typical for a descending trend wave. We think, today, the price may form a correction. The main target is at level of 1.5715. By now, the pair has formed an ascending impulse and a correction. The market is expected to continue growing.
USD CHF, “US Dollar vs Swiss Franc”
Franc has formed only an ascending wave to expand its trading range upwards. We think, today, the price may form a descending impulse towards level of 0.9360 and then grow to reach level of 0.9545.
USD JPY, “US Dollar vs Japanese Yen”
Yen is moving inside a descending wave with the target at level of 121.20. We think, today, the price may reach it and then fall towards level of 120.50. The market is forming a descending wave with the target at 119.50.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still under pressure and continues falling. We think, today, the price may reach level of 0.7300. After that, the market is expected to start a correction towards level of 0.7670.
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”
Gold continues moving downwards. We think, today, the price may reach the local target at level of 1140 and then start a correction to return to level of 1173. After that, the market may continue falling inside the downtrend towards level of 1113.
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...