Forex Technical Analysis 04.06.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

4 June, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has expanded its consolidation channel upwards and today may try to reach a new high and return to level of 1.1190.  Later, in our opinion, the market may fall towards level of 1.1000 and then grow again to reach level of 1.1525. After that, the pair may start another descending movement to return to level of 1.1000.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is still forming a correction with the target at level of 1.5400; the pair has already reached the minimum target of this correction. We think, today, the price may form the fifth structure of the correction and then continue falling inside the downtrend.  The target of this first wave is at level of 1.5051.

USD CHF, “US Dollar vs Swiss Franc”

Franc is still being corrected towards level of 0.9255. Later, in our opinion, the market may grow to return to level of 0.9542 and then move downwards again to reach level of 0.8933.

USD JPY, “US Dollar vs Japanese Yen”

Yen is being corrected towards level of 124.74. After reaching it, the pair may fall towards level of 123.54 and then return to level of 124.30, thus forming a new consolidation channel. If the pair breaks this channel downwards, it may continue falling inside the downtrend; if upwards – form another ascending structure with the target at level of 125.80.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has rebounded from level of 0.7785 and right now is moving downwards. The main target is at level of 0.7500 or even 0.7417. Later, in our opinion, the market may return to level of 0.7780.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is moving upwards. We think, today, the price may level of 55.50 as the third wave of the current correction. Later, in our opinion, the market may fall towards level of 52.33 and then start the fifth wave with the target at level of 58.50.

XAU USD, “Gold vs US Dollar”

Gold continues moving downwards. We think, today, the price may reach level of 1163. Later, in our opinion, the market may return to level of 1197 and then continue falling inside the downtrend to reach level of 1113.


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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...

Forex Technical Analysis for 28.12.2015

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...

Technical analysis for 23.12.2015

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...


Forex Technical Analysis for 22.12.2015

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...

Murrey Math Lines for 21.12.2015

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...

Forex Technical Analysis for 18.12.2015

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...


Wave Analysis for 17.12.2015

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...

Forex Technical Analysis for 16.12.2015

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...

Forex Technical Analysis for 15.12.2015

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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