Forex Technical Analysis 09.12.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

09.12.2014

Analysis for December 9th, 2014

EUR USD, “Euro vs US Dollar”

Eurodollar has completed its correction towards the previous descending movement. We think, today the price may reach level of 1.2346 once again and then start forming another descending wave, the fifth one, towards level of 1.2330 (at least). Possibly, the pair may try to extend it up to level of 1.2200. Later, in our opinion, the market may start a higher correction.




GBP USD, “Great Britain Pound vs US Dollar”

Pound has reached the target of its correction. We think, today the price may continue falling to reach level of 1.5510. Later, in our opinion, the market may start a higher correction.




USD CHF, “US Dollar vs Swiss Franc”

Franc has also reached the target of its correction. We think, today the price may continue growing to reach level of 0.9825 or even extend this wave up to level of 0.9850. Later, in our opinion, the market may start forming a deeper correction.




USD JPY, “US Dollar vs Japanese Yen”

Yen is still being corrected towards level of 119.78. After that, the price may form another ascending wave to reach level of 121.97 and then start a more significant descending movement.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has reached the target of another descending structure. We think, today the price may form a correction to return to level of 0.8388 (at least). Later, in our opinion, the market may continue falling towards level of 0.8130.




USD RUB, “US Dollar vs Russian Ruble”

Ruble is still consolidating. We think, today the price may fall to reach level of 51.31. Considering that Crude Oil price has reached a new low, the pair may make a short-term fast ascending movement to reach a new high. After that, the market may reverse downwards and fall to reach level of 51.30.




XAU USD, “Gold vs US Dollar”

Gold has completed the fourth structure of flag correctional pattern. We think, today the price may form the fifth one to reach target at level of 1180. Later, in our opinion, the market may continue growing towards level of 1250.



 
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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