Analysis for December 10th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has renewed the top of its ascending wave; this movement may be considered as the fifth structure of the wave. We think, today, the price may fall towards 1.0780. The first target is at 1.0920.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has formed the fifth wave of its ascending structure. We think, today, the price may fall towards 1.5030 and then return to 1.5100.
USD CHF, “US Dollar vs Swiss Franc”
Franc has reached a new low and completed the current wave. We think, today, the price may return to 1.0069 and then test 0.9900 from above.
USD JPY, “US Dollar vs Japanese Yen”
Yen has broken its consolidation channel downwards and reached the local target. We think, today, the price may return to 122.25 to test it from below. After that, the instrument may fall towards 121.07.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is growing towards 0.7350. After that, the instrument may return to 0.7233. The market is forming triangle
pattern in the center of its consolidation channel.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble continues consolidating at the top of its ascending wave. We think, today, the price may fall towards 68.26 ant then return to 69.20. Later, in our opinion, the market may fall inside the downtrend. The next target is at 64.70.
XAU USD, “Gold vs US Dollar”
Gold is consolidating. We think, today, the price may reach 1064 and then return to 1080. After that, the instrument may resume falling towards 1040.
RoboForex Analytical Department
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