30 September, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is trying to continue the correction towards 1.1308, but the main scenario remains the same – decline inside the downtrend. The main target of this wave is at 1.1000. After that, the market may form another correction to reach 1.1350 and then continue falling inside the downtrend.
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues moving downwards and reaching new lows. We think, today, the price may reach 1.5040, test 1.5100 from below, and then continue falling inside the downtrend. The local target of this wave is at 1.4660. An alternative scenario suggests that the pair may form the correction and test 1.5333. After that, the market may resume falling inside the downtrend to reach the local target.
USD CHF, “US Dollar vs Swiss Franc”
Franc has completed the correction. Possibly, the pair may try to extend it towards 0.9652. However, the main scenario implies that the price is expected to continue moving inside the uptrend to reach 0.9870 or even higher towards 1.0125.
USD JPY, “US Dollar vs Japanese Yen”
Yen has rebounded from the triangle’s lower border and right now is moving near 120.00. We think, today, the price may test 120.30 again and then break this consolidation channel to reach the local target at 115.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar continues consolidating in the center of the channel. We think, today, the price may reach new lows and continue falling towards 0.6800. After that, the market may return to test 0.6900 from below and then start another decline to reach 0.6700.
USD RUB, “US Dollar vs Russian Ruble”
Ruble has formed a narrow consolidation channel. We think, today, the price may break it downwards and reach 64.50. After that, the market may test the broken channel from below and then continue falling to reach the target at 60.00.
XAU USD, “Gold vs US Dollar”
Being under pressure, Gold continues falling. We think, today, the price may reach 1119.75 and then grow to return to 1137.00. Later, in our opinion, the market may return to 1128.20 and then start another growth towards 1160.00.
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...