18 December, 2015
EUR USD, “Euro vs US Dollar”
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.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has almost reached another target of its descending wave. We think, today, the price may be corrected towards 1.4976 and then form one more descending structure to reach 1.4809.
USD CHF, “US Dollar vs Swiss Franc”
Franc is moving in the center of its consolidation range. We think, today, the price may be corrected towards 0.9918 and then continue growing to reach 1.0032.
USD JPY, “US Dollar vs Japanese Yen”
After expanding its consolidation channel upwards, Yen has returned to the center of the ascending structure, thus forming a strong descending impulse. We think, today, the price may be corrected towards122.69 and then continue falling to reach the main target at 120.20.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is growing towards 0.7154 to test it from below. Later, in our opinion, the market may continue falling inside the downtrend with the target at 0.7031.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble is attempting to expand its consolidation channel upwards and this time the currency doesn’t follow the oil price market. We think, today, the price may continue consolidating. After breaking its lows, the market may fall towards 68.
XAU USD, “Gold vs US Dollar”
Gold has reached the downside target of the flag pattern and even extended it downwards. However, the market is still consolidating. We think, today, the price may return to 1069 to test it from below and then continue falling towards 1015.
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...
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...
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...