29 September, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is moving upwards and may reach 1.1308; this structure may be considered as another part of the correction. The pair has almost formed flag pattern. We think, today, the price may complete the correction and continue moving inside the downtrend to reach 1.1000.
GBP USD, “Great Britain Pound vs US Dollar”
Being under pressure, Pound is moving downwards. We think, today, the price may reach 1.5108. We should note that this descending wave was formed without any corrections, that’s why the pair may start one quite soon (an alternative scenario). The main scenario remains the same – the market is expected to continue falling inside the downtrend towards 1.4660.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still being corrected. The pair has already reached its closest target and the next one is at 0.9625. After that, the market may form another ascending structure with the target at 0.9870.
USD JPY, “US Dollar vs Japanese Yen”
Yen has broken 120.00 and continues falling towards triangle’s lower border. We think, today, the price may break it and continue falling towards the predicted target at 115.00. After that, the market may consolidate close to this level (as a continuation pattern), thus specifying the target of this descending wave.
AUD USD, “Australian Dollar vs US Dollar”
Being under pressure, Australian Dollar is moving upwards; the pair has formed another consolidation channel. If the price breaks this channel downwards – it may expand it towards 0.6910. After that, the market may return to the center of the channel to test 0.6975 from below and then continue falling to reach 0.6910.
USD RUB, “US Dollar vs Russian Ruble”
Following the oil prices, Ruble is trying to move upwards and reach 67.00. After that, the market may fall towards 64.50 and then return to 66.00. Later, in our opinion, the price may continue falling to reach the target at 63.00.
XAU USD, “Gold vs US Dollar”
Gold has extended its correction towards 1125. We think, today, the price may complete this correction and then start growing to reach 1160. Later, in our opinion, the market may consolidate, form a continuation pattern, and continue moving upwards to reach at 1220.
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...