Technical analysis EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD for 16.07.2015

16 July, 2015

The Eurodollar played out the goal of another downward matrix. The market almost came to the border of the daily "Triangle" and pushed through it to form a continuation of decline. Such a scenario could be regarded by the market as a figure of continuation for the third wave, and the decline may continue to the level of a working target at 1.0690.

The pound dollar pair continues to trade against the market wave of decline. Alternative continued growth has failed. A consolidation range is forming. Today we consider the possibility of reduction to the level of 1.5564. Next, consider the alternative recovery of the price to the level of 1.5790.

The Dollar Franc currency pair has almost fulfilled the goal of the matrix growth. But the market is still not getting an impulse to reduce. WE also allow for the development of growth to the level of 0.9595. Next, the main scenario will consider the development of the correction to the return to the level of 0.9375 (at least).

The dollar yen pair has broken through the consolidation up and is again trading unchanged in a narrow corridor. Continued growth of the market is unable to develop. Alternative growth to 124.67 may never be realized. A basic scenario for the continuation of the decline from the third wave of development is still in force. The goal is 119.00.

Australian dollar against the US dollar after the impulse to reduce and the break through the consolidation down is forming a new structure in the form of a continuation pattern. Today, we are considering the continuation of a reduction to the level of 0.7272. Then again we look forward to a return to the level of 0.7360, the test from below.

The Russian ruble is trading upward. Today, we are considering the possibility of the break through the level of 57.00 up and a continued growth to the refinement of the level of 58.50. Next in line is a reduction back to the level of 52.50.

Gold continues to trade in the structure on the level of refinement of 1140. Today we are expecting a continuation in a reduction to the overlap of the specified purpose. Next in line is a correction to the level of 1173 (at least).


Source link  
Forex Technical Analysis for 29.12.2015

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...

  


Share: