13 August, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is falling today. The price is expected to form a wave to reach 1.1072 and then start a correction towards 1.1144. After that, the pair may continue falling inside the downtrend to reach 1.1000.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is consolidating near the top. We think, today, the price may leave this consolidation channel downwards to reach 1.5532. This decline may be considered as the start of a new descending wave with the target at 1.5240.
USD CHF, “US Dollar vs Swiss Franc”
Franc is moving upwards. We think, today, the price may reach 0.9850 and then return to 0.9765. Later, in our opinion, the market may start another growth towards 1.0000.
USD JPY, “US Dollar vs Japanese Yen”
After falling and reaching 123.80, Yen has started forming a structure to return to 125.00. After that, the pair may fall towards 124.40. So far, this trading range may be considered as another consolidation channel.
AUD USD, “Australian Dollar vs US Dollar”
Being under pressure, Australian Dollar is falling. We think, today, the price may reach the target at 0.7200 and then return to 0.7400.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is consolidating. After breaking the channel downwards, the market may start a new descending wave to reach 61.00 and then test 63.00 from below. Later, in our opinion, the pair may start falling inside the downtrend.
XAU USD, “Gold vs US Dollar”
Gold is forming a correction with the target at 1106. After reaching it, the price may form the fifth structure of this wave towards 1131.
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...