16 November, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has tested the lower border of its consolidation channel; the pair has formed another descending structure. We think, today, the price may return to the center of the channel and then continue falling to reach a new low. The main scenario remains the same and suggests that the market may continue falling inside the downtrend to reach the target at 1.0300.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has reached the target of its ascending wave and formed the first descending impulse. We think, today, the price may break the minimum of this impulse and continue falling inside the downtrend. Today’s target is at 1.5111. After that, the instrument may consolidate for a while and then continue moving downwards to reach 1.5000.
USD CHF, “US Dollar vs Swiss Franc”
Franc is expanding its consolidation channel upwards to reach 1.0107. After that, the instrument may test 1.0050 from above and then continue growing inside the uptrend towards the next target at 1.0185.
USD JPY, “US Dollar vs Japanese Yen”
Yen is being corrected towards the target at 122.00. We think, today, the price may return to 122.80 and fall to reach the above-mentioned target. After that, the instrument may start forming the fifth ascending structure towards 124.70.
AUD USD, “Australian Dollar vs US Dollar”
Being under pressure, Australian Dollar is moving downwards. The main scenario suggests that the market may complete the correction by growing to reach 0.7181. After that, the instrument may form another descending wave towards 0.7000.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is falling; the pair is expected to start another descending wave with the target at 60. After that, the instrument may test 64 from below and then continue falling inside the downtrend to reach 57.
XAU USD, “Gold vs US Dollar”
Gold is attempting to expand its consolidation channel upwards. Possibly, the price may be corrected towards 1115. After that, the instrument may continue moving downwards to reach the target at 1015.
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...