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Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / Wave Analysis 07.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)
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Wave Analysis 07.12.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

07.12.2015

Forecast for December 7th, 2015

EUR USD, “Euro vs US Dollar”

Probably, Eurodollar has completed the descending impulse in the wave 3 or C. In the nearest future, the pair may continue forming the correctional wave [b], which may be followed by another bullish impulse in the wave [c] of 4.



More detailed structure is shown on the H1 chart. After finishing the diagonal triangle in the wave [v], the pair has rebounded from its lower border and started the correction. On Monday, the market may continue forming the wave [b].




GBP USD, “Great Britain Pound vs US Dollar”

After finishing the diagonal triangle, Pound has started the correction. Probably, the price has formed the ascending impulse in the wave (a). Later, after completing the local correction, the pair may resume its growth in the wave (c).



As we can see at the H1 chart, Pound has formed the zigzag in the wave (v) and the bullish impulse in the wave (a). Later, the price may start the correctional wave (b).




USD JPY, “US Dollar vs Japanese Yen”

The wave (v) is quite complicated. In the future, the price may continue the fourth correctional wave of the current impulse. However, if the market breaks the maximum of the wave [i] or [a], the pair may continue forming the wave 4.



At the H1 chart, the price has finished the diagonal triangle in the wave (v), the descending wave (a), and then started forming the wave (b). On Monday, the market is expected to complete it and resume falling inside the current correction.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar continues forming the wave 4, which may be taking the form of the double three. Possibly, in the future the current correction may continue.



As we can see at the H1 chart, the market is forming the zigzag in the wave (y). On the minor wave level, the pair may continue forming the ascending impulse in the wave c, which may be followed by a new descending movement of the price.



 
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