6 October, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is falling to reach the target at 1.1133. On its way towards the target, the price may reach 1.1110 and then return to 1.1250. After that, the market may continue falling towards the above-mentioned target. Later, in our opinion, the instrument may form another ascending structure to reach 1.1323. However, this growth may be only considered as an alternative to the main downtrend towards 1.1000.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming another descending structure. Possibly, the price may complete the wave with the target at 1.5026 and then test 1.5161 from below. Later, in our opinion, the instrument may continue falling inside the downtrend. The local target of this wave is at 1.4660.
USD CHF, “US Dollar vs Swiss Franc”
Franc is forming a narrow consolidation channel around 0.9752. We think, today, the price may grow to reach 0.9820 and then test 0.9750 from above. After that, the market may continue growing inside the uptrend to reach the target at 0.9870.
USD JPY, “US Dollar vs Japanese Yen”
Yen has broken 120.14 and may continue growing towards 121.40. However, this is an alternative scenario. The main one implies that the price may fall to break 119.50 and then continue moving downwards to reach the next target at 118.25.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has reached the local target of its correctional ascending structure. We think, today, the price may fall towards 0.7040 and then form another ascending structure to reach 0.8189. After that, the market may return to 0.7064.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is forming another descending wave; the pair is about to break 64.50. Possibly, today the price may consolidate around this level and then continue falling to reach 62.50. After that, the market may return to test 64.50 from below and then continue moving downwards to reach the next target at 60.00.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating at the top of its ascending impulse. We think, today, the price may break this channel upwards and continue growing towards the target at 1160. If the channel is broken downwards, the market may the correction to reach 1122. Later, in our opinion, the market may continue moving upwards to reach the above-mentioned target.
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...