30 July, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still forming its descending structure. We think, today, the price may reach 1.1020 and then return to 1.1046 to test it from below. After that, the market may start another decline towards 1.0940.
GBP USD, “Great Britain Pound vs US Dollar”
Being under pressure, Pound is falling. We think, today, the price may form another structure to reach 1.5446 and then return to 1.5570.
USD CHF, “US Dollar vs Swiss Franc”
Being under pressure, Franc is growing. We think, today, the price may continue forming this wave with the target at 0.9762 and then fall to return to 0.9590.
USD JPY, “US Dollar vs Japanese Yen”
Yen is moving upwards today and may reach 123.82. After that, the pair may start falling towards 122.95.
AUD USD, “Australian Dollar vs US Dollar”
Being under pressure, Australian Dollar is moving downwards; this movement may be considered as a correction towards 0.7285. After that, the market may start forming another ascending wave to break the top of the first impulse. The pair is expected to reach the target at 0.7406.
USD RUB, “US Dollar vs Russian Ruble”
Ruble has renewed the top of its ascending wave; this extension may be a part of a reversal pattern. So far, the price is expected to form a consolidation channel. After breaking its ascending channel, the market may start forming a new descending wave with the target at 52.50.
XAU USD, “Gold vs US Dollar”
Gold is moving upwards and trying to break its descending channel. We think, today, the price may grow to break 1104.90 and form a continuation pattern. The target of this wave is at 1131.80.
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...