Analysis for December 5th, 2016
The EUR/USD pair is forming a new ascending wave. Possibly, today the market may rebound from 1.0591. The downside target is at 1.0495. After that, the instrument may be corrected towards 1.0591.
EUR USD, “Euro vs US Dollar”
Being under pressure, the GBP/USD pair is moving upwards. We think, today the price may continue forming the ascending wave with the target at 1.2796. Later, in our opinion, the market may start falling to reach 1.2550.
GBP USD, “Great Britain Pound vs US Dollar”
The USD/CHF pair is forming a new ascending structure with the target at 1.0205. We think, today the price may reach 1.0203 and then return to 1.0140. Later, in our opinion, the market may continue growing to reach the target.
USD CHF, “US Dollar vs Swiss Franc”
The USD/JPY pair is falling to reach 112.50 Later, in our opinion, the market may be corrected towards 113.50 and then continue falling to reach 106.00. An alternative scenario suggests that the instrument may grow to reach a new high.
USD JPY, “US Dollar vs Japanese Yen”
The AUD/USD pair is consolidating in the center of the range. We think, today the price may continue growing to reach its upside border. If the pair breaks the range upwards, it may grow to reach 0.7550. However, if the range is broken downwards, the instrument may continue falling inside the downtrend with the target at 0.7100.
AUD USD, “Australian Dollar vs US Dollar”
The USD/RUB pair is consolidating above 63.63. Possibly, today the market may break this range and fall towards 62.00. After that, the instrument may return to 63.63 and then fall to reach the target at 61.00.
USD RUB, “US Dollar vs Russian Ruble”
Gold has completed the first ascending impulse and the correction. After breaking the top of the impulse to the upside, the market may grow towards 1220. However, if the top of the impulse is broken to the downside, the instrument may move downwards with the target at 1160.
XAU USD, “Gold vs US Dollar”
Brent is forming the third ascending wave with the target at 56.00 and right now is forming another consolidation range to break 53.90. Possibly, today the market may grow to reach the local target. After that, the instrument may fall towards 51.50 and then grow to reach 58.00.
RoboForex Analytical Department
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