20 August, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has completed the correctional wave towards its previous decline. We think, today, the price may form another descending structure towards 1.0993. After that, the pair may test 1.1068 and then fall again to reach 1.0922.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is consolidating at the top of its ascending wave. The main scenario implies that the price may fall inside the downtrend towards 1.5240. An alternative scenario suggests that the market may form the correction towards 1.5624, break the consolidation channel, and continue growing to reach 1.5765.
USD CHF, “US Dollar vs Swiss Franc”
Franc is being corrected towards 0.9620. After that, the market may resume growing and form an ascending wave to reach 1.0000.
USD JPY, “US Dollar vs Japanese Yen”
Yen is consolidating inside the correctional structure. We think, today, the price may reach 123.60 and then test 124.15 from below. After that, the market may start another decline towards 123.00 and then form one more ascending structure to reach 125.45.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is falling towards 0.7309. After that, the market may form a correction to reach 0.7350 and then form another descending wave towards 0.7200. Later, in our opinion, the price may start a more serious correction with the target at 0.7555.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is moving upwards. We think, today, the price may return to 65.00. After that, when the oil market reaches new lows, the pair is expected to grow towards 67.10 and then fall to reach 63.00.
XAU USD, “Gold vs US Dollar”
Gold has reached the target of its ascending wave. We think, today, the price may form another descending correction towards 1100 to test it from above. After reaching it, the price may form another ascending wave to reach 1161.
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...