Forex Analytics

Forecast for December 7th, 2016

EUR USD, “Euro vs US Dollar”

Probably, the EUR/USD pair completed the ascending impulse [c] in the flat 2. As a result, in the nearest future the market may resume falling and form the bearish impulse in the wave [i].

Technical analysis of forex euro dollar (EUR / USD) as of today 12/08/2016

Euro / dollar forex feels good before the meeting of the ECB. The market froze waiting for the main event, which will add volatility to the market.

Weather for the Forex December 8, 2016

The main event today:

15.45 MSK. Eurozone: Publication of the ECB decision on the basic interest rate in December (the previous value of 0.00%; 0.00% forecast).

16.30 MSK. Eurozone: ECB Press Conference.

16.30 MSK. US: The number of initial applications for unemployment benefits in December (the previous value of 268K, 272K forecast).

Forex forecast for today EUR / USD 09.12.2016

Today investors the main event of the day the ECB meeting. Many European banks believe that the monetary authorities today announced the extension of QE program by 6 months. 

Technical analysis of forex euro dollar (EUR / USD) as of today 12/09/2016

currency market players waited last ECB meeting, the regulator left it at that interest rates have not changed, and the purchase within the asset purchase in the amount of 80 billion. prodolzhilatsya euros per month until March next year.

Analysis for December 9^th, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has reached the target at 1.06 and right now is consolidating. If later the market breaks this range to the downside, the downtrend may continue towards 1.04; if to the upside – start another correction to reach 1.0770.

Wave Analysis and Forecast EUR / USD on the week 12.12 - 12.16.2016 : The correction was completed. It is expected the continuation of decrease in pair. 

Estimated pivot point is at 1.0870. 

Our opinion : Sell the euro dollar pair from correction below 1.0870 with the aim of 1.0450 - 1.0340. 

Alternative scenario : A break and consolidation above the price level of 1.0870 will allow the pair to continue to grow to marks 1.10 - 1.11.

Technical analysis of forex euro dollar (EUR / USD) as of today 12/12/2016

Grenbek forex trading on Friday, trading the euro is stable, after falling EURUSD pair on the decision of the ECB.

Gold XAU / USD forecast for the week

In the first half of the week, you can expect a decrease in quotations on the background of the strengthening of the US dollar and rising stock markets. Both factors are negative for the yellow metal.

Forex forecast the currency pair euro dollar (EUR / USD) as of today 12/12/2016

Today forex players are not waiting for the release of important economic data, and that the UNF, the euro / dollar may show some correction. Traders growth of quotations EUR / USD should be used for building Sell position for two reasons. 

Technical analysis of forex euro dollar (EUR / USD) as of today 13/12/2016

On Monday, the European currency showed steady growth, which was due to a downward correction of the dollar and leaving traders against the risk. The development of such a pattern increased the demand for the euro as the currency of funding.

The main events for today:

12:30 MSK. United Kingdom: Consumer Price Index for November (the previous value of 0.9% y / y; the forecast of 1.1% y / y).

13.00 MSK. Germany: Consumer Sentiment Index in the business environment from the ZEW Institute in December (the previous value of 13.8, forecast 14.2).

Forex forecast the currency pair euro dollar (EUR / USD) today 12/13/2016

Players forex euro in tandem with the greenback in the first half of trading is necessary to pay attention to the report on the ZEW institute business climate in Germany in December. 

  Analysis for December 14^th, 2016

EUR USD, “Euro vs US Dollar”

In case of the EUR/USD pair, the correction continues; the instrument has reached its local target at right now is still moving upwards. Possibly, today the price may reach 1.0690 and complete this correction. Later, in our opinion, the market may continue falling inside the downtrend. The first target is at 1.0600, the main one is at 1.0400.

Technical analysis of forex euro dollar (EUR / USD) as of today 15/12/2016

Euro in the forex trading on Wednesday against the US dollar traded in a narrow range. Greenbacks maintained pending the outcome of a 2-day meeting shtatovskih regulator. Today is preparing to publish a report on business activity in Germany's manufacturing sector, which is likely to be positive.

Technical analysis of forex euro dollar (EUR / USD) as of today 16/12/2016
 

Short-term growth of European currency was caused by a positive report on business activity in the manufacturing sector in Germany, the results of which exceeded growth forecasts. Those, however, the US currency continues to hold position against the background of a rate hike. Note that today investors will have inflation rates of the eurozone in November, which is expected to see no change.

EUR / USD Wave analysis and forecast of the dollar on the euro 19.12 - 23.12 : The downtrend in force. 

Estimated pivot point is at 1.0522. 

Opinion : Selling a pair of EUR / USD on corrections below 1.0522 with the aim of 1.0340 - 1.03. 

Alternative scenario : A break and consolidation above the price level of 1.0522 will allow the pair to continue to grow to the level of 1.07.