28 August, 2015
EUR USD, “Euro vs US Dollar”
Being under pressure, Eurodollar continues falling. The pair is forming a new consolidation channel. We think, today, the price may try to form a correction towards 1.1380. After that, the market may continue moving downwards. The local target is at 1.1070.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming another consolidation channel. Possibly, the pair may try to form a correction towards 1.5530. After that, the market may start another decline to reach 1.5345.
USD CHF, “US Dollar vs Swiss Franc”
Franc has extended its ascending structure; the market is still rebounding from the lower border of trianglepattern towards the upper one. The pair has formed a continuation pattern near 0.9567. We think, today, the price may test this level from above and then start another growth 0.9874.
USD JPY, “US Dollar vs Japanese Yen”
Yen is being corrected towards 119.42. After that, the pair may grow to reach 123.66 and then fall to reach new lows and 115.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still consolidating inside triangle pattern. We think, today, the price may test 0.7150 from above and form another ascending structure with the target at 0.7228. After that, the pair may form another descending structure to reach 0.6950.
USD RUB, “US Dollar vs Russian Ruble”
Ruble has formed the second descending impulse. We think, today, the price may 68.20 from below and then start forming the third descending impulse towards 64.24. This structure may be considered as the first wave of a new decline.
XAU USD, “Gold vs US Dollar”
Gold is forming the second wave of the correction. We think, today, the price may reach 1138.00 and then test 1128.35 from above. After that, the market may grow to reach the target of the correction at 1139.85 and then start another descending wave towards 1110.48.
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...