22 October, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is falling to break the ascending channel downwards at 1.1330. The predicted downside target is at 1.1170. The closest target is at 1.1242. After that, the instrument may return to the broken ascending channel and then start another descending movement to reach the above-mentioned predicted target (at least).
GBP USD, “Great Britain Pound vs US Dollar”
Pound has rebounded from the center of the consolidation channel and returned to the lower border. We think, today, the price may break the border and the ascending channel as well. The downside target is at 1.5320. After that, the instrument may return to the broken ascending channel at 1.5410.
USD CHF, “US Dollar vs Swiss Franc”
Franc has broken its descending channel. The predicted upside target is at 0.9660. After that, the instrument may return to the broken descending channel at 0.9570 and then continue moving upwards to reach 0.9870.
USD JPY, “US Dollar vs Japanese Yen”
Yen is rebounding from 120.00. The downside target is at 119.10. After that, the instrument may return to 119.50 to test it from below and then continue falling inside the downtrend to reach 117.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has formed another descending structure, which may be considered as a half of the third structure of the correction. We think, the price may consolidate at the current lows and try to grow towards 0.7270. After that, the instrument may continue falling to reach the local target at 0.7150.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still moving in the center of its consolidation channel. We think, today, the price may continue falling towards the channel’s lower border. After breaking it, the instrument may reach the local target at 60.00.
XAU USD, “Gold vs US Dollar”
Gold has expanded its trading range downwards and is trying to break the ascending channel. The main scenario implies that the price may form another structure to reach 1155.
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...