Analysis for December 9th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has returned to 1.0880 and right now is trying to form an upside continuation pattern near it. We think, today, the price may test 1.0884. Later, according to an alternative scenario, the pair may grow to form double top
pattern and then start another descending structure to return to 1.0768.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has broken its descending channel. We think, today, the price may return to 1.5060 to test it from below. After that, the instrument may continue falling towards 1.4950.
USD CHF, “US Dollar vs Swiss Franc”
Being under pressure, Franc is moving downwards. We think, today, the price may reach 0.9840. Later, in our opinion, the market may grow to return to 1.0108.
USD JPY, “US Dollar vs Japanese Yen”
Yen is moving in the center of its consolidation towards 122.58. After that, the instrument may grow towards 123.53 and then return to 123.00, thus continue forming this consolidation channel. If the price breaks this channel downwards, it may be corrected towards 120.00; if upwards – reach 124.50.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is growing towards 0.7251. After that, the instrument may continue falling to reach 0.7134 and then return to 0.7258.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble is falling. We think, today, the price may form a reversal pattern. The pair is expected to break the ascending channel and start forming the first wave inside the downtrend towards 66.76. Later, in our opinion, the market may be corrected towards 68.26.
XAU USD, “Gold vs US Dollar”
Gold is falling towards the target at 1064.00. We think, today, the price may test 1080.00 from below and then fall to reach the above-mentioned target. After that, the instrument may return to 1076.50, thus forming a new consolidation channel. If this channel is broken downwards, the market may continue falling inside the downtrend towards 1015.00; if upwards – the correction may continue up to 1100.00.
RoboForex Analytical Department