3 November, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is consolidating without any particular direction. The main scenario remains the same and suggests that the market may continue falling inside the downtrend towards the 1.0500. An alternative scenario implies that the price may try to break the consolidation channel upwards to reach 1.1106. After that, the instrument may continue moving downwards.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming the first descending impulse. The target is at 1.5381. After that, the instrument may return to 1.5438 and then continue moving downwards to reach 1.5276.
USD CHF, “US Dollar vs Swiss Franc”
Franc is consolidating without any particular direction. We think, today, the price may continue moving upwards to break the top and reach 1.0070. An alternative scenario implies that the market may fall towards 0.9784 in the first place and after that form the ascending wave with the target at 1.0070.
USD JPY, “US Dollar vs Japanese Yen”
Yen is consolidating. We think, today, the price may fall to reach 119.60 and then return to 120.50 to test it from below. After that, the instrument may continue falling inside the downtrend towards the target at 118.70.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has reached the target of its correction. We think, today, the price may form another descending structure with the target at 0.7017. After that, the instrument may start growing to reach a new high and 0.7398.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still consolidating. The main scenario suggests that the market may fall towards 60.00. An alternative scenario implies that the price may follow the oil prices and grow towards 66.00. After reaching it, the pair may continue falling inside the downtrend.
XAU USD, “Gold vs US Dollar”
Gold is consolidating. We think, today, the price may continue its descending movement to reach 1125. After that, the instrument may be corrected towards 1145 and then resume its decline towards 1118.
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...
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