Technical analysis for 23.12.2015

23 December, 2015

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.

The pound dollar currency pair broke through the consolidation down. Today we consider a return to the breakdown, the test from below. And then, again the decline to the target of 1.4730. Then the correction at least to the level of 1.5120.

The Dollar Franc currency pair is now trading with growth. We consider the possibility of growth in the fifth structure to the refinement of the level of 1.0020. Next in line – is the correction returning to the level of 0.9900.

The dollar yen currency pair is trading with the exit from consolidation. We consider a reduction to the level of 120.60. Next in line is a correction to the level of 121.16.

The Australian dollar against the US dollar continues to trade under pressure to increase. We consider the possibility of overlapping the level of 0.7272. Next - a reduction to the level of 0.7058.

The Russian ruble is trading at the top of the structure of growth. A narrow consolidation is forming. Next in line we consider the reduction of at least a correction to the level of 70. The structure of the decline will give a hint about the future intentions of the market.

Gold is trading at a reduction to the level of 1069. We expect the rebound in growth to the level of 1090. Then, again a fall to the center, at 1069.


Source link  
Forex Technical Analysis for 29.12.2015

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...

Forex Technical Analysis for 28.12.2015

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...

Forex Technical Analysis for 22.12.2015

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...


Murrey Math Lines for 21.12.2015

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...

Forex Technical Analysis for 18.12.2015

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...

Wave Analysis for 17.12.2015

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...


Forex Technical Analysis for 16.12.2015

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...

Forex Technical Analysis for 15.12.2015

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...

Wave Analysis for 14.12.2015

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...

  


Share: