Forex Technical Analysis for 02.12.2015

2 December, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has almost completed the correction inside its consolidation channel and right now is moving downwards. We think, today, the price may reach new lows at 1.0500. Later, the pair may test 1.0540 and then continue falling inside the downtrend with the target at 1.0300.

GBP USD, “Great Britain Pound vs US Dollar”

Pound has finished the first ascending impulse and corrected it, thus defining the borders of a new consolidation structure. If later this channel is broken upwards, the market may continue the correction to reach 1.5255; if downwards - continue falling inside the downtrend towards its next target at 1.4880. 

USD CHF, “US Dollar vs Swiss Franc”

Franc has completed its correction and right now is moving upwards. We think, today, the price may break the top, reach 1.0343, and then continue growing inside the uptrend to reach its next target at 1.0400.

USD JPY, “US Dollar vs Japanese Yen”

Yen is still consolidating around 123.00. We think, today, the price may grow to reach 123.70 and then return to 123.00 to test it from above. After that, the pair may continue growing to reach 124.50.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has almost reached its upside local target.  We think, today, the price may be corrected downwards to reach 0.7200 and then continue growing towards 0.7400.

USD RUB, “US Dollar vs Russian Ruble”

Russian Ruble is moving close its top. We think, today, the price may stop consolidating and move towards the lower border to start another descending wave with the target at 60. Alternative scenario implies that the market may reach new highs and then start a new decline.

XAU USD, “Gold vs US Dollar”

Gold has almost completed its correction and right now is falling. We think, today, the price may break 1064 and then continue falling inside the downtrend to reach the next target at 1048. After that, the instrument may form another consolidation channel. The main target is at 1015.


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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...

  


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