Forex Technical Analysis 07.12.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

07.12.2016

Analysis for December 7th, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is forming another descending structure towards 1.0600. Later, in our opinion, the market may start growing to return 1.0720.




GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is moving downwards with the target at 1.2555. After that, the instrument may start growing to reach 1.2968.




USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is forming another ascending wave to reach 1.0172. Later, in our opinion, the market may fall towards 1.011.




USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is moving upwards with the target at 114.76. After that, the instrument may fall towards 112.50.




AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is falling towards the downside border of its consolidation range. We think, today the price may reach 0.7370. Later, in our opinion, the market may grow towards 0.7550.




USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is consolidating. Possibly, today the market may fall to break 63.40 and then reach 62.00. After that, the instrument may return to 63.40.




XAU USD, “Gold vs US Dollar”

Being under pressure, Gold is falling. Possibly, today the market may reach 1155 and then start growing towards 1222.




BRENT

Being under pressure, Brent is still moving downwards. Possibly, today the market may to reach 53. After that, the instrument may continue growing with the local target at 56.



 
RoboForex Analytical Department

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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