24 July, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is forming another consolidation channel at the top of its ascending structure. If the pair breaks this channel upwards, the current correction may continue up to 1.1100; if downwards – fall inside the downtrend to reach 1.0940.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is moving downwards to reach 1.5483. After that, the market may return to 1.5578 and then continue falling towards 1.5240.
USD CHF, “US Dollar vs Swiss Franc”
Franc has reached the minimum target of the current correction and today may move upwards to reach the upper border of the consolidation channel. However, this structure may yet continue falling towards 0.9506. After that, the market may start another growth to reach 0.9760.
USD JPY, “US Dollar vs Japanese Yen”
Yen is moving without any particular tendency; the marker is almost “locked” inside triangle pattern. If the pair breaks this pattern upwards, it may grow to reach 124.67; if downwards - the current correction may continue towards 122.95.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has made a fast descending movement and reached the local target from the daily chart. We think, today, the price may forming the fourth wave to return to 0.7555. Also, today the market may try to reach another low and form a consolidation channel with a reversal pattern.
USD RUB, “US Dollar vs Russian Ruble”
Ruble has almost reached the target of its ascending wave. We think, today, the price may make another ascending movement to reach 57.71. After that, the pair may form a consolidation channel and a reversal pattern to start a descending wave towards 52.50.
XAU USD, “Gold vs US Dollar”
Gold has formed another structure of the correction. We think, today, the price may form an ascending wave to break the descending channel. The target is at 1131.80. After that, the market may fall to return to 1101.00.
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...