27 November, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is moving inside a very narrow trading range without any particular direction; this structure has been formed inside the downtrend. We think, today, the price may continue falling to reach 1.0500. The main target of this descending wave is at 1.0300.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is consolidating; it hasn’t completed the correction yet. Possibly, today the price may grow to reach 1.5149. After that, according to the main scenario, the instrument may continue falling inside the downtrend to reach 1.5000. Later, in our opinion, the market may form another correction to return to 1.5150.
USD CHF, “US Dollar vs Swiss Franc”
Franc is also consolidating. We think, today, the price may continue growing towards 1.0282 and then return to 1.0200. After that, the instrument may continue growing inside the uptrend to reach 1.0420.
USD JPY, “US Dollar vs Japanese Yen”
Being under pressure, Yen is moving downwards. The correction is expected to continue and right now the pair is forming its fifth structure. The target of the correction is at 121.85. After that, the instrument may return to 122.75.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is being corrected downside towards 0.7200. After that, the instrument may start growing to reach 0.7300. Later, in our opinion, the market may continue falling towards 0.7150.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is moving in the center of triangle consolidation pattern. We think, today, the price may test the pattern’s upper border, rebound from t, and then continue falling inside the downtrend towards 63.82. This would be only a half of the third descending wave. The local target of this wave is at 61.00; the main one – at 60.00.
XAU USD, “Gold vs US Dollar”
Gold is consolidating; this trading range may be considered as triangle pattern. We think, today, the price may reach a new low and then form the fifth structure to return to 1075. After rebounding from the upper border, the instrument may continue falling inside the downtrend towards 1015. Later, in our opinion, the market may start another correction to return to 1180.
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...