Forex Technical Analysis 10.12.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

10.12.2014

Analysis for December 10th, 2014

EUR USD, “Euro vs US Dollar”

Eurodollar has completed an ascending impulse. We think, today the price may correct this impulse towards level of 1.2354, consolidate for a while, and then fall to reach level of 1.2294. Later, in our opinion, the market may form another consolidation channel and a reversal structure to return to level of 1.2453.




GBP USD, “Great Britain Pound vs US Dollar”

Pound has finished an ascending impulse. We think, today the price may correct it towards level of 1.5624. Later, in our opinion, the market may start another ascending structure with the target at level of 1.5721. The local target is at 1.5820.




USD CHF, “US Dollar vs Swiss Franc”

Franc has completed a descending impulse. We think, today the price may correct this impulse towards level of 0.9736, consolidate for a while, and then grow to reach level of 0.9774. Later, in our opinion, the market may continue falling to break level of 0.9645. The local target is at 0.9520.




USD JPY, “US Dollar vs Japanese Yen”

Yen has formed a strong descending impulse. We think, today the price may form a correction towards level of 120.89 and then form the second descending impulse to break level of 117.75. The local target is at 114.66.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has completed an ascending impulse and corrected it. We think, today the price may form another structure to return to level of 0.8489. Later, in our opinion, the market may continue falling towards level of 0.8324.




USD RUB, “US Dollar vs Russian Ruble”

Ruble is still moving close to the top of its ascending wave. We think, today the price may reach level of 54.70 and then fall towards level of 52.57. Later, in our opinion, the market may form another ascending structure with the target at level of 54.97. After that, the pair may start a serious descending correction.




XAU USD, “Gold vs US Dollar”

Gold is still forming an ascending structure with the target at 1250. We think, today the price may form a consolidation channel and test level of 1224 from above. Later, in our opinion, the market may break this channel upwards to reach the above-mentioned target and then start a new descending movement towards level of 1190.



 
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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