15 September, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has formed the descending impulse. We think, today, the price may grow to reach 1.1336 to test it from below. If the market rebounds from this level and renews the low of this impulse, it may continue falling towards 1.1180. After that, the pair may consolidate and then continue falling inside the downtrend to reach 1.1000. An alternative scenario implies that the price may extend this growth towards 1.1380 and then fall inside the downtrend again.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has formed the descending impulse and corrected it. We think, today, the price may rebound from 1.5430 and reach new lows. The next downside target is at 1.5270 (at least).
USD CHF, “US Dollar vs Swiss Franc”
Franc is consolidating. We think, today, the price may grow to break 0.9720. The target is at 0.9770. After that, the pair may test 0.9720 from above and then grow again to reach 0.9870. An alternative scenario implies that the price may extend this correction towards 0.9600.
USD JPY, “US Dollar vs Japanese Yen”
Yen has rebounded from 120.66 and right now is forming another descending structure with the target at 119.90. If the price break this level, it may continue falling towards the lower border of the consolidation channel at 118.62. if the market breaks the channel, the downtrend may continue towards 115.00.
AUD USD, “Australian Dollar vs US Dollar”
Being under pressure, Australian Dollar is falling. Possibly, today the pair may test 0.7093 from above. After that, the market may continue growing to reach the local target at 0.7195 and then towards 0.7070.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still consolidating. We think, today, the price may break the ascending channel and start falling towards 64.00. After that, the pair may test 66.00 from below and then fall to reach 63.00.
XAU USD, “Gold vs US Dollar”
Gold is expected to rebound from 1106.80. The target is at 1115.50. After that, the price may form another correction to return to 1106.78. This consolidation channel may be expanded up to 1131.00. In this case, the uptrend may continue towards 1220.00 (the main scenario).
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...