Forex Technical Analysis for 10.12.2015

10 December, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has renewed the top of its ascending wave; this movement may be considered as the fifth structure of the wave. We think, today, the price may fall towards 1.0780. The first target is at 1.0920.

GBP USD, “Great Britain Pound vs US Dollar”

Pound has formed the fifth wave of its ascending structure. We think, today, the price may fall towards 1.5030 and then return to 1.5100. 

USD CHF, “US Dollar vs Swiss Franc”

Franc has reached a new low and completed the current wave. We think, today, the price may return to 1.0069 and then test 0.9900 from above.

USD JPY, “US Dollar vs Japanese Yen”

Yen has broken its consolidation channel downwards and reached the local target. We think, today, the price may return to 122.25 to test it from below. After that, the instrument may fall towards 121.07.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is growing towards 0.7350. After that, the instrument may return to 0.7233. The market is forming triangle pattern in the center of its consolidation channel.

USD RUB, “US Dollar vs Russian Ruble”

Russian Ruble continues consolidating at the top of its ascending wave. We think, today, the price may fall towards 68.26 ant then return to 69.20. Later, in our opinion, the market may fall inside the downtrend. The next target is at 64.70.

XAU USD, “Gold vs US Dollar”

Gold is consolidating. We think, today, the price may reach 1064 and then return to 1080. After that, the instrument may resume falling towards 1040.


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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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