27 October, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is trying to form a correction; the pair has formed two ascending impulses. We think, today, the price may form another impulse towards 1.1090. However, this growth is just an alternative. The main scenario suggests that the pair may continue falling inside the downtrend to reach 1.0980.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has only completed two impulses of the correction and right now the pair is falling again, being under pressure. Possibly, the price may form another ascending impulse towards 1.5389 and then fall again to return to 1.5250. The main scenario suggests that the market may continue falling inside the downtrend with the target at 1.4660.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still consolidating. If later the price breaks this consolidation upwards, it may reach 0.9870; if downwards – form a correction with the target at 0.9795. The main scenario suggests that the pair may continue moving inside the uptrend.
USD JPY, “US Dollar vs Japanese Yen”
Yen has broken the ascending channel downwards. The target of this descending wave is at 119.78. After reaching it, the pair may return to 120.64 to test it from below and then continue falling inside the downtrend towards 115.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is consolidating. We think, today, the price may fall towards 0.7183 and then form another ascending structure to reach 0.7398. After that, the instrument may be corrected towards 0.7168 (at least).
USD RUB, “US Dollar vs Russian Ruble”
Being under pressure, Ruble is moving upwards. Possibly, the price may reach 64.50 and then start another decline to reach the local target at 60.00. After that, the instrument may return to 64.50.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating. We think, today, the price may break this range downwards to reach 1155 and then continue growing towards 1200. After that, the instrument may return to 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...