Analysis for December 21st, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is consolidating in the center of the range. Possibly, today the price may grow to reach 1.0480. Later, in our opinion, the market fall with the target at 1.0330 and then move upwards to reach 1.0500. After that, the instrument may continue falling inside the downtrend towards 1.0150.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is forming another consolidation range. If later the price break this range to the upside, the market may be corrected to reach 1.2470 at least; if to the downside – continue falling with the target at 1.2300. After that, the instrument may grow towards 1.2500.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is consolidating. The main scenario suggests that the price may continue growing towards 1.0400. However, if this consolidation range is broken downwards, the market may test 1.0210 from above once again. After that, the instrument may continue growing inside the uptrend with the target at 1.0500.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is forming another descending impulse. Possibly, the price may reach 115.30 and then start another growth towards 117.50.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is moving upwards with the target at 0.7310. After that, the instrument may continue falling inside the downtrend towards 0.7180.
USD RUB, “US Dollar vs Russian Ruble”
Being under pressure, the USD/RUB pair is falling. Possibly, the price may reach 60.00 and then start growing with the target at 63.00.
XAU USD, “Gold vs US Dollar”
Gold is moving upwards to reach 1145. Later, in our opinion, the market may fall to return to 1100.
Brent is growing with the target at 56.74. After that, the instrument may fall to reach 55.25 and then continue growing with the target at 59.90.
RoboForex Analytical Department