16 December, 2015
EUR USD, “Euro vs US Dollar”
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.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has expanded its consolidation channel downwards and almost completed the correction. We think, today, the price may return to 1.5050 and then continue falling to reach 1.4983.
USD CHF, “US Dollar vs Swiss Franc”
Franc has completed its ascending structure and expanded its consolidation range upwards. However, this growth may yet continue. We think, today, the price may test 0.9867 from above and then grow to reach 0.9949.
USD JPY, “US Dollar vs Japanese Yen”
Yen has reached the local target and expanded its consolidation channel upwards. . We think, today, the price may return to 121.29 and then form another ascending structure with the target at 122.25.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming another descending structure. We think, today, the price may reach 0.7141 and then return to 0.7212.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble has broken the lower border of its consolidation range. We think, today, the price may be corrected to return to 70.60. After that, the instrument may fall towards 69.92.
XAU USD, “Gold vs US Dollar”
Gold is moving inside a narrow consolidation channel. We think, today, the price may return to 1071.88 and then fall towards 1055.44. After that, the instrument may grow to return to 1071.88 once again.
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 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...
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...