Forex Technical Analysis & Forecast 08.12.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

08.12.2017

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has formed the consolidation range around 1.1792 and right now is trading to break it downwards. Possibly, the price may reach the local target at 1.1723 and then form another consolidation range. If later the instrument breaks this range to the upside, the market may start another correction towards 1.1792; if to the downside – continue falling inside the downtrend to reach 1.1700.  

EURUSD

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is moving upwards. Possibly, the price may reach 1.3500. If later the instrument breaks this range to the upside, the market may grow towards 1.3550; if to the downside – fall with the target at 1.3400.

GBPUSD

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has expanded the consolidation range upwards. Possibly, today the price may form another consolidation range around 0.9954. If later the instrument breaks this range to the upside, the market may grow towards 1.0000; if to the downside – start another correction to reach 0.9900.

USDCHF

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair hasn’t been able to continue the correction; it has broken 112.69 upwards and reached the upside target. We think, today the price may consolidate around 113.35. If later the instrument breaks this range to the upside, the market may reach 114.70; if to the downside – start another correction with the target at 112.69.

USDJPY

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is still falling; it has reached the target and expanded the consolidation range. We think, today the price may test 0.7554 from below and then resume falling with the target at 0.7470.

AUDUSD

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is consolidating above 59.09. If later the instrument breaks this range to the upside, the market may continue growing towards 60.05; if to the downside – falling to reach 58.58

USDRUB

 

XAU USD, “Gold vs US Dollar”

Gold has reached the local downside target. Possibly, today the price may form a new consolidation range. If later the instrument breaks this range to the upside, the market may start another correction towards 1256; if to the downside – continue falling inside the downtrend with the target at 1222.

GOLD

 

BRENT

Brent has returned to 62.28. We think, today the price may fall to reach 61.00 and then start forming another consolidation range. If later the instrument breaks this range to the downside, the market may continue falling towards 60.00; if to the upside – start another growth with the target at 63.00.

BRENT

 

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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