Forex Technical Analysis 13.12.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

13.12.2016

Analysis for December 13th, 2016

EUR USD, “Euro vs US Dollar”

In case of the EUR/USD pair, the correction continues. Possibly, today the price may fall towards 1.0600 and then grow to reach 1.0660. Later, in our opinion, the market may continue falling inside the downtrend with the target at 1.0400.




GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has broken its consolidation range to the upside. Possibly, today the price may continue growing to reach 1.2800. After that, the instrument may return to 1.2550 and then start another growth with the target at 1.3150.




USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is being corrected. Possibly, today the market may grow to reach 1.0164 and then fall towards 1.0114. Later, in our opinion, the market may start another ascending structure with the target at 1.0260.




USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has completed the first descending impulse and the correction. Possibly, today the market may fall to break the low of this impulse. The target of the first wave is at 113.18.




AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has formed another consolidation range and right now is rebounding from its upside border. Possibly, today the market may fall towards the downside border at 0.7430. After that, the instrument may form another ascending structure with the target at 0.7550. Later, in our opinion, the market may continue falling inside the downtrend to break 0.7100.




USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair has reached its local target. Possibly, today the price may move upwards and form the fourth structure with the target at 63.24 (at least). After that, the instrument may continue falling towards 60.00.




XAU USD, “Gold vs US Dollar”

Gold is trading to return to 1178. Later, in our opinion, the market may fall towards 1161. If later the instrument breaks this consolidation range to the upside, it may grow to reach 1222; if to the downside – fall with the target at 1145.




BRENT

Brent is falling towards 51.50. The first target of this correction is at 54.50.



 
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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