Technical analysis for 23.12.2015

December 23, 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.

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