11 December, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is forming the descending impulse with the target at 1.0907. After that, the instrument may return to 1.0976 and then continue falling inside the downtrend. The next target is at 1.0780.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is consolidating. We think, today, the price may expand this consolidation channel downwards and then return to 1.5156. Later, in our opinion, the market may continue falling to complete the correction with the target at 1.5030.
USD CHF, “US Dollar vs Swiss Franc”
Franc has formed the ascending impulse and corrected it. We think, today, the price may form another ascending impulse to return to 1.0024 and then test 0.9924 from above, thus morning a wider consolidation channel. After breaking it upwards, the market may form the fifth ascending wave with the target at 1.0550.
USD JPY, “US Dollar vs Japanese Yen”
Yen is returning to 122.25. We think, today, the price may reach this target and then continue falling towards the local target at 121.00.
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”
Being influenced by the oil market, Russian Ruble continues growing. We think, today, the price may reach 70.08 and fall towards 68.30. The market is forming another consolidation channel with the central structure to expand it upwards. After that, the instrument may expand the channel downwards and form a reversal pattern. The downside target of the fifth wave is at 60.00.
XAU USD, “Gold vs US Dollar”
Gold has broken 1071.88 and almost formed a continuation pattern. We think, today, the price may reach 1060.00 and then test 1071.88 from below. After that, the instrument may resume falling towards 1057.00.
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...