23 November, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has reached a new low. We think, today, the price may consolidate in a narrow trading range and then continue falling towards the next target at 1.0500. After that, the instrument may test 1.0615 from below and then resume falling inside the downtrend to reach 1.0300.
GBP USD, “Great Britain Pound vs US Dollar”
Being under pressure, Pound is moving downwards. We think, today, the price may continue falling to reach 1.5000 and then test 1.5175 from below. After that, the instrument may continue falling inside the downtrend to reach the local target of this wave at 1.4660.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still moving upwards. We think, today, the price may reach 1.0123 and then fall towards 1.0107. After that, the instrument may continue growing inside the uptrend to reach 1.2793.
USD JPY, “US Dollar vs Japanese Yen”
Yen has returned to the center of its first descending impulse, thus defining the borders of another consolidation channel. If the channel is broken downwards, the price may continue the correction to reach 122.00; if upwards – continue growing towards 123.85.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is falling; it has almost broken the consolidation channel downwards. We think, today, the price may reach 0.7122 and then test 0.7184 from below. If later the channel is broken downwards, the price may continue falling with the target at 0.7000; if upwards – reach 0.7300.
USD RUB, “US Dollar vs Russian Ruble”
Ruble has broken its narrow consolidation channel upwards. We think, today, the price may be corrected towards 65.82 and then form another descending wave with the target at 62.85. After that, the instrument may return to 64.85.
XAU USD, “Gold vs US Dollar”
Gold continues falling. We think, today, the price may reach 1056.60 and then test 1072.52 from below. After that, the instrument may continue falling inside the downtrend towards 1033.00. The main target is at 1015.00.
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...