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Home / Analytics / Forex analysis & forecasts / Forex Wave analysis and forecast / Wave analysis EUR/USD, GBP/USD, USD/JPY and AUD/USD on 23.12.2015
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Wave analysis EUR/USD, GBP/USD, USD/JPY and AUD/USD on 23.12.2015

23.12.2015
EUR/USD currency pair

EUR/USD wave analysis on 23 December 2015

The euro dollar continues the formation of wave 4, which is taking the form of a zigzag. Previously a downward momentum in the wave 3 of C was formed. During the day, a local reduction in the wave [b] of 4 may start again.



EUR/USD wave analysis on 23 December 2015

More details are shown on the hourly chart. Most likely, the wave [b] is taking the form of a zigzag, which included the start of a decline in wave (c). In the short term a further downward movement and the breakdown of the minimum of wave (a) is possible.



GBP/USD currency pair

GBP/USD wave analysis on 23 December 2015

After the expected completion of wave [ii] the pound is trying to resume its decline. It is likely that the wave (ii) was short-lived, and was completed the day before. Accordingly, a further possible resumption of the downtrend is possible.



GBP/USD wave analysis on 23 December 2015

As seen from the markup of the hour chart a downward momentum in the wave (i) is formed. Presumably, the price is formed within the first wave starting (iii). During the day, the local minimum may be updated.



USD/JPY currency pair

USD/JPY wave analysis on 23 December 2015

It is likely that the decline of the Japanese yen will resume. Previously the zigzag in wave X was completed, after which the price has formed a bearish impulse in wave (i), which corrected in a plane wave (ii). In the coming days a further decrease in quotations in the wave (iii) is possible.



USD/JPY wave analysis on 23 December 2015

On the hourly chart the wave (ii), presumably, assumed a flat form. At the junior wave level, probably a bearish wedge in wave i was formed. In the short term, after the local correction a decrease in quotations in the wave iii of (iii) may happen.



AUD/USD currency pair

AUD/USD wave analysis on 23 December 2015

For the AUD the wave formation [ii] is coming to an end. Accordingly, soon a reduction in the quotations in the third wave is likely to resume. Earlier, after a double three in the wave 4 was formed in the wake of the bearish wedge [i].



AUD/USD wave analysis on 23 December 2015

As can be seen on the markup of the hour chart, wave [ii] takes the form of a zigzag. After the end of the impulse in wave (c) a resumption of the decline is possible, as evidenced by the formation of a bearish momentum in wave (i).

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