Forex Technical Analysis for 28.12.2015

28 December, 2015

EUR USD, “Euro vs US Dollar”

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.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is being corrected towards 1.5000. After that, the pair may fall to reach 1.4746 and then form a higher correction with the target at 1.5120.

USD CHF, “US Dollar vs Swiss Franc”

Franc is being corrected towards 0.9837. Later, in our opinion, the market may grow to reach 1.0000 and then return to 0.9915.

USD JPY, “US Dollar vs Japanese Yen”

Yen has completed its descending wave. We think, today, the price may consolidate at the current lows and form a reversal pattern. Later, in our opinion, the market may be corrected to return to 122.

AUD USD, “Australian Dollar vs US Dollar”

Being under influence, Australian Dollar is moving downwards. We think, today, the price may return to the center of the ascending wave. The target is at 0.7154. Later, in our opinion, the market may grow to reach 0.7220, thus forming another consolidation channel. If later the pair breaks this consolidation channel upwards – it may reach 0.7420; if downwards – fall towards 0.7050.

USD RUB, “US Dollar vs Russian Ruble”

Russian Ruble is consolidating at its top and expected to form a reversal pattern. The main scenario implies that the pair may fall towards 69. An alternative scenario suggests that the market may reach a new high and then fall inside the downtrend.

XAU USD, “Gold vs US Dollar”

Gold is moving inside rectangle consolidation pattern. The structure implies that the price may grow to reach the upper border at 1090 and then return to 1069. Later, in our opinion, the market may test the lower border at 1047.

RoboForex Analytical Department


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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...

Technical analysis for 23.12.2015

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...

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...

  


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