22 December, 2015
EUR USD, “Euro vs US Dollar”
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.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is consolidating. The market is expected to be corrected, but hasn’t created proper conditions for that. We think, today, the price may continue falling inside the downtrend to reach 1.4729.
USD CHF, “US Dollar vs Swiss Franc”
Franc has almost reached the target of its correction. We think, today, the price may form another ascending structure to reach 1.000 and then return to 0.9900. An alternative scenario implies that the market may reach 0.9890 then continue moving upwards.
USD JPY, “US Dollar vs Japanese Yen”
Yen is consolidating. We think, today, the price may continue falling to reach 120.60 and then return to 121.16. Later, in our opinion, the market may continue falling inside the downtrend towards the target at 120.25.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has completed the correction. We think, today, the price may fall to reach 0.7058 and then return to 0.7154. Later, in our opinion, the market may continue falling inside the downtrend with the target at 0.7000.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble is moving at the top of its ascending structure. We think, today, the price may form a correction to reach 70, at least. The descending structure will help us to understand the future prospects of the pair.
XAU USD, “Gold vs US Dollar”
Gold has broken 1069, formed the continuation pattern, and may continue growing towards 1090 to return to the upper border of the channel. Later, in our opinion, the market may return to the center at 1069. If later the market breaks this consolidation channel upwards – it may continue the correction towards 1110; if downwards – continue falling inside the downtrend to reach 1015.
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 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...
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...