15 December, 2015
EUR USD, “Euro vs US Dollar”
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. After that, the instrument may return to the center to test 1.1000 from below.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has expanded its consolidation channel upwards and then downwards. We think, today, the price may return to the center of the channel at 1.5196, breaks the lows, and then continue falling inside the downtrend with the target at 1.5030. An alternative scenario suggests that the pair may expand the channel upwards to reach 1.5260.
USD CHF, “US Dollar vs Swiss Franc”
Franc has completed its descending structure and already formed two ascending impulses. We think, today, the price may form the third one with the target at 0.9867. Later, in our opinion, the market may test 0.9826 from above and then grow to reach 0.9953.
USD JPY, “US Dollar vs Japanese Yen”
Yen has reached the target of the third wave and right now is consolidating. If the price breaks this consolidation channel upwards, it may be corrected to return to 122.25; if downwards – expand the third wave towards 118.03.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has almost completed the correction of the descending five-wave structure. We think, today, the price may fall towards 0.7206 and then return into the consolidation channel at 0.7240. If the price breaks this channel upwards – the market may grow to reach 0.7420; if downwards, the downtrend may continue to reach 0.7141.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble has expanded its trading range upwards. We think, today, the price may return to 69.25 and then to 70.00. After that, the instrument may fall towards 68.50 and form a reversal structure.
XAU USD, “Gold vs US Dollar”
Gold has reached the local target of the flag correctional pattern. We think, today, the price may form the fourth correctional structure towards 1071.88 and then the fifth one with the target at 1055.44.
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...
It is likely that the current correction may take more time than expected. Besides the scenario with thehorizontal triangle in the wave 4, Eurodollar may form the double three (see the chart). In this case, in the nearest future...