12 August, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has extended its ascending structure and may continue forming this wave towards 1.1052 according to an alternative scenario. Right now, the market is forming a descending structure with the target at 1.0950. Even if the scenario succeeds, this extension will be considered only as a correctional structure. After that, the pair may continue falling inside the downtrend. The main scenario remains the same: the market is expected to fall towards 1.0600.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming another ascending structure. We think, today, the price may reach 1.5637 and then start a new decline to break the minimum. The main target is at 1.5240.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still consolidating. The man target is at 1.0000. Possibly, the price may form several descending corrections and test the tops of its previous consolidation channels. Later, in our opinion, the market may start another growth to break the current consolidation channel upwards.
USD JPY, “US Dollar vs Japanese Yen”
Yen has tested the upper border of its consolidation channel again. Possibly, the price may extend this structure towards 125.26 and then fall towards the lower border of the channel at 124.14. After breaking the channel downwards, the pair may continue the current correction towards 122.94 and then start another growth to reach 125.40.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has reached 0.7432 and it may be considered as the truncated fifth wave. We can see another descending impulse with the target at 0.7266. We think, today, the price may reach 0.7382, thus forming another triangle consolidation pattern.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is forming a descending structure. We think, today, the price may reach 62.00 and then return to 63.70 to test it from below. After breaking the minimum, the market may start a new descending wave with the target at 52.50.
XAU USD, “Gold vs US Dollar”
Gold is forming an ascending structure with the target at 1115.95. After reaching it, the price may form a continuation pattern near 1108.65 and then start another growth with the target at 1131.28.
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...