Analysis for December 11th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is forming the descending impulse with the target at 1.0907. After that, the instrument may return to 1.0976 and then continue falling inside the downtrend. The next target is at 1.0780.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is consolidating. We think, today, the price may expand this consolidation channel downwards and then return to 1.5156. Later, in our opinion, the market may continue falling to complete the correction with the target at 1.5030.
USD CHF, “US Dollar vs Swiss Franc”
Franc has formed the ascending impulse and corrected it. We think, today, the price may form another ascending impulse to return to 1.0024 and then test 0.9924 from above, thus morning a wider consolidation channel. After breaking it upwards, the market may form the fifth ascending wave with the target at 1.0550.
USD JPY, “US Dollar vs Japanese Yen”
Yen is returning to 122.25. We think, today, the price may reach this target and then continue falling towards the local target at 121.00.
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”
Being influenced by the oil market, Russian Ruble continues growing. We think, today, the price may reach 70.08 and fall towards 68.30. The market is forming another consolidation channel with the central structure to expand it upwards. After that, the instrument may expand the channel downwards and form a reversal pattern. The downside target of the fifth wave is at 60.00.
XAU USD, “Gold vs US Dollar”
Gold has broken 1071.88 and almost formed a continuation pattern. We think, today, the price may reach 1060.00 and then test 1071.88 from below. After that, the instrument may resume falling towards 1057.00.
RoboForex Analytical Department
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.