16 October, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has completed the descending impulse with the target at 1.1375; the impulse is quite strong and may yet continue. We think, today, the price may fall towards 1.1315 and then return to 1.1400. After that, the instrument may continue falling to reach 1.1200. An alternative scenario suggests that the pair may form another ascending structure to reach new highs.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has finished the third structure of the ascending wave. Possibly, the price may grow to reach 1.5517 and then complete this correction by forming the fourth structure with the target at 1.5330 and the fifth one towards 1.5550. This entire growth may be considered as an alternative correction. Later, in our opinion, the pair may continue falling inside the downtrend. The local target is at 1.4660.
USD CHF, “US Dollar vs Swiss Franc”
Franc has formed the ascending impulse and today is expected to break its top. After the price leaves its descending channel. It may return to .9632. After that, the market may form another descending structure of the correction and then continue growing inside the uptrend to reach 0.9870.
USD JPY, “US Dollar vs Japanese Yen”
Yen is moving to return to 119.40 to test it from below. After that, the instrument may continue moving inside the downtrend to reach the next target at 117.77.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is being corrected. Possibly, the price may form triangle pattern. If the pair breaks the pattern downwards, the market may reach 0.7070; if upwards – continue growing towards 0.7555.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues forming the third descending wave with the target at 60.00. After reaching it, the price may start the correction towards 64.50 and then form the fifth descending structure with the target at 57.00, thus completing the first wave. Later, in our opinion, the pair may start another correction to return to 65.00.
XAU USD, “Gold vs US Dollar”
Gold is consolidating at the top of another ascending impulse. We think, today, the price may break the channel downwards to reach 1155. However, if the market breaks it upwards, it may continue forming the third structure with the target at 1205.
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...