9 July, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has reached the target of its ascending wave at level of 1.1110. We think, today, the price may start falling towards level of 1.1010, thus forming a new consolidation channel. If the channel is broken upwards, the market may reach level of 1.1182; if downwards – continue falling inside the downtrend to break level of 1.0920.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has reached the local target of target of its extension. We think, today, the price may form a correction towards level of 1.5508 (at least). After that, the market is expected to start forming another descending structure with the target at level of 1.5250.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still consolidating. If this consolidation channel is broken downwards, the market may reach level of 0.9370; if upwards – grow towards level of 0.9545. After that, the price may continue falling to reach level of 0.9350.
USD JPY, “US Dollar vs Japanese Yen”
Yen expanded its trading range downwards and by now has already returned to the level, where it was broken. We think, today, the price may fall towards level of 120.20 and then return to level of 121.55, thus forming a new consolidation channel. After the market breaks the minimum, it may continue falling inside the downtrend towards level of 119.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar formed an ascending impulse, corrected it, and then broke the top of this impulse. So, we think, today, the price may form a correction to return to level of 0.7670. After that, the market is expected to start another descending structure towards level of 0.7300.
USD RUB, “US Dollar vs Russian Ruble”
Ruble has formed a consolidation at the top of its ascending wave. If the channel is broken upwards, the market may reach level of 58.50; if downwards – start falling to test level of 55.50 from above. After that, the pair may continue growing towards the main target at level of 58.50.
XAU USD, “Gold vs US Dollar”
Gold is moving upwards. We think, today, the price may return to level of 1173. After that, the market may continue falling towards level of 1140 and then start another ascending movement to test level of 1173 from below.
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...