8 December, 2015
EUR USD, “Euro vs US Dollar”
In case of Eurodollar, the correction continues. We think, today, the price may return to 1.0875 (at least) and then form another descending structure towards 1.0770. Later, in our opinion, the market may return to 1.0870 once again.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is being corrected towards 1.5000. After that, the instrument may grow to reach 1.5084 and then form another consolidation structure. If this structure is broken upwards, the market may grow to reach 1.5246; if downwards – continue falling towards 1.4848.
USD CHF, “US Dollar vs Swiss Franc”
Franc is moving upwards to reach 1.0108. Later, in our opinion, the market may test 0.9990 from above , thus forming a new consolidation channel. If this channel is broken upwards, the pair may growing inside the uptrend to reach 1.0528; if downwards – continue falling towards 0.9840.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming the ascending structure with the target at 123.50. After that, the instrument may return to 123.00. Later, the price may break its consolidation channel upwards to reach 124.50. However, if the channel is broken downwards, the market be corrected with the target at 120.76.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has broken its ascending channel and is moving towards the first target at 0.7134. After that, the instrument may return to 0.7258.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble continues moving upwards as the oil prices hit new lows. The market has reached the target of the extension. We think, today, the price may form a consolidation channel and a reversal pattern. The pair is expected to start another descending wave towards 60.
XAU USD, “Gold vs US Dollar”
Gold is falling towards 1064.00. After that, the instrument may return to 1076.50, thus forming a new consolidation channel. If this channel is broken downwards, the market may continue falling inside the downtrend towards 1015.00; if upwards – the correction may continue up to 1100.00.
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...