19 October, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is consolidating; the current decline may be considered as the correction with the target at 1.1300, at least. After that, the instrument may return to 1.1400 and then continue falling to reach 1.1140. An alternative scenario suggests that the pair may form the fifth structure of flag pattern towards 1.150 and then continue moving downwards.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is consolidating as well; this channel may be considered as the start of the correction towards 1.5320. We think, today, the price may reach a new low and then continue falling inside the correction. Later (an alternative scenario), the pair may form another ascending structure towards 1.5550 and then continue falling inside the downtrend to break 1.5160.
USD CHF, “US Dollar vs Swiss Franc”
Franc is also consolidating; this channel may be considered as the start of the correction to return to 0.9630. Later (an alternative scenario), the pair may form another ascending structure towards 0.9420 and then continue growing inside the uptrend to reach 0.9870.
USD JPY, “US Dollar vs Japanese Yen”
Yen has returned to 119.50. Possibly, the price may reach 120.00. After that, the instrument may continue moving inside the downtrend. The next target is at 117.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still consolidating inside triangle pattern. We think, today, the price may fall to reach 0.7170 (at least) or even continue this correction towards 0.7070.
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 continue falling to reach the target at 57.00.
XAU USD, “Gold vs US Dollar”
Gold is moving to break the previous ascending structure. We think, today, the price may form the correction to reach 1163.90 and then grow towards 1198.50. After that, the instrument may return to 1155.00 and then grow to reach 1220.00. This entire growth may be considered as an alternative to scenario to continue the correction. The main scenario remains the same – the market is expected to continue falling inside the downtrend.
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...