8 September, 2015
EUR USD, “Euro vs US Dollar”
The Eurodollar currency pair is ending the correction with a return to the level of 1.1232. Today, we expect another decline to the level of 1.1157. And after that, another update to 1.1233. Next, we consider the completion of the correction and the beginning of another structure of decline. The next target is at the level of 1.1000.
GBP USD, “Great Britain Pound vs US Dollar”
The pound against dollar currency pair was able to develop a correction to the level of 1.5366. Next on in line we expect a decline to the level of 1.5267. Then, we consider the possibility of a consolidation. With a break down we expected to decline in the level of refinement of 1.4960.
USD CHF, “US Dollar vs Swiss Franc”
The Dollar Franc currency pair is trading in consolidation above 0.9693. The basic scenario considers the continued growth to the level of refinement of 0.9816. Then - again, a return to the level of 0.9693. Then we look forward to continued growth to the level of refinement of 0.9870.
USD JPY, “US Dollar vs Japanese Yen”
The dollar yen currency pair is trading today in the structure of the growth to the level of 120.33. Next, we are expecting a decline to a level of 119.46 - thus a consolidation forms. With the possibility a break through up we look at the growth to the level of refinement of 124.00. With the break down there is a possible continuation of the downward trend to the level of refinement of 115.00.
AUD USD, “Australian Dollar vs US Dollar”
The Australian dollar against the US dollar broke through the top of the first pulse of growth and continues to trade the recovery of the rate to the level of 0.7000. Next, we consider the possibility of an update of the minimum. The goal is 0.6888.
USD RUB, “US Dollar vs Russian Ruble”
Today the Russian ruble will monitor the behaviour of the oil market. We expect the level of refinement of 70.00. Further we expect a decline to a level of 67.00. Then, the main scenario of the consolidation is expected to yield down to a continuation of the trend to the level of 52.50. As an alternative, do not rule out another emission of rates to the level of 73.60, and only then - again onto the decline in the trend.
XAU USD, “Gold vs US Dollar”
Gold continues to trade in the structure of decline to the level of 1110.00. After passing this target we expect a development of a wave of growth with the recovery to the level of 1140.00. Further – a decline to the level of 1124.85.
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...