31 July, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is forming the third descending wave; the pair has already finished the correction. We think, today, the price may fall to reach the local target at 1.0870 and then form a new correction to return to 1.0974.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming a descending wave towards 1.5545 today. After that, the pair may return to 1.5600 and resume falling to reach 1.5509.
USD CHF, “US Dollar vs Swiss Franc”
Franc has completed the correction. We think, today, the price may grow towards 0.9761 and then form another correction to return to 0.9550.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming an ascending wave to reach 124.67. After that, the pair may start a correction towards 122.94 and then another growth to reach 125.45.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is moving downwards. After reaching 0.7281, the market may start forming another ascending wave towards 0.7315. Later, in our opinion, the market may fall to reach 0.7284.
USD RUB, “US Dollar vs Russian Ruble”
Although the market was opened with a gap up, the main scenario still implies that the price may start falling and break the minimum of the first impulse and the ascending channel as well. The next target is at 52.50.
XAU USD, “Gold vs US Dollar”
Gold is falling towards 1079.46. After that, the price may grow to reach 1100.00. After forming a continuation pattern, the market is expected to start a new ascending wave with the target at 1131.81.
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...