1 December, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is making another attempt to form a correction towards 1.0610. We think, today, the price may continue falling inside the downtrend to reach 1.0500. Later, the pair may test 1.0577 from below and then continue moving downwards with the target at 1.0300.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has reached the target at 1.5000 and right now is forming an ascending impulse towards 1.5108. After that, the instrument may return to 1.5052 and then form a consolidation between these two levels. If later this channel is broken upwards, the market may continue the correction to reach 1.5158; if downwards - continue falling inside the downtrend towards its next target at 1.4850.
USD CHF, “US Dollar vs Swiss Franc”
Franc is being corrected towards 1.0250. We think, today, the price may reach this level and then continue growing inside the uptrend to reach its next target at 1.0420.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming another ascending structure with the target at 123.60. We think, today, the price may reach it and then return to 122.80. After that, the pair may continue growing to reach new highs and 124.50.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is moving upwards to reach 0.7300. We think, today, the price may test 0.7243 from above and then continue growing towards the above-mentioned target. Later, in our opinion, the market may fall to return to 0.7160.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble is rebounding from the upper border of its trading range. Possibly, the market may try to test 67. However, the main scenario implies that the price may continue falling towards the lower border, break it, and then move downwards to reach 60.
XAU USD, “Gold vs US Dollar”
Gold is attempting to reach 1175; this structure may be considered as a correction. Later, in our opinion, the market may continue falling inside the downtrend to reach 1148. After that, the instrument may return to 1065 and then start another decline towards 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...