5 August, 2015
EUR USD, “Euro vs US Dollar”
Being under pressure, Eurodollar is falling today; the pair hasn’t completed the current wave yet. We think, the price may form a consolidation channel and a continuation pattern. The structure of this pattern may be quite long and reach 1.0918 to test it from below. After that, the pair may start falling again to break 1.0860, test if from below, and then continue falling inside the downtrend to reach 1.0600.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has broken 1.5560 downwards. We think, today, the price may form a descending structure to reach 1.5442. In case the pair attempts to reach 1.5560, it may rebound and continue forming this descending wave.
USD CHF, “US Dollar vs Swiss Franc”
Franc has reached the target of another ascending structure. We think, today, the price may consolidate for a while and then continue forming this wave towards the next target at 0.9944.
USD JPY, “US Dollar vs Japanese Yen”
Yen is moving upwards. We think, today, the price may reach the local target at 124.65. After that the pair may a correction as the fourth wave to reach 122.94.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has finished the third ascending wave and right now is forming the fourth one. The market has reached the minimum target of this correction. Possibly, the price may reach a new high at 0.7320. After that, the pair may start the fifth wave towards 0.7450.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still moving upwards. Possibly, today the price may form a descending wave towards 61.00. The market is expected to form a consolidation channel and a reversal pattern. The mains scenario remains the same - a new descending wave with the target at 52.50.
XAU USD, “Gold vs US Dollar”
Gold is moving in the center of its consolidation channel without any particular direction. We think, today, the price may continue consolidating.
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...