Analysis for December 8th, 2016
The EUR/USD pair is forming the fifth descending structure towards 1.0680. Later, in our opinion, the market may start growing to return 1.0740 and then fall with the target at 1.0600.
EUR USD, “Euro vs US Dollar”
The GBP/USD pair is moving downwards with the target at 1.2555. After that, the instrument may start growing to reach 1.2800.
GBP USD, “Great Britain Pound vs US Dollar”
The USD/CHF pair is forming another ascending wave to reach 1.011. Later, in our opinion, the market may fall towards 1.008 and then grow with the target at 1.017.
USD CHF, “US Dollar vs Swiss Franc”
The USD/JPY pair is moving downwards with the target at 112.30. After that, the instrument may grow towards 113.85 and then fall to reach 110.80.
USD JPY, “US Dollar vs Japanese Yen”
The AUD/USD pair has completed the ascending structure with the target at 0.7500. We think, today the price may fall to reach 0.7435. Later, in our opinion, the market may form another ascending structure towards 0.7550.
AUD USD, “Australian Dollar vs US Dollar”
The USD/RUB pair is consolidating; this range may be considered as a downside continuation pattern. Possibly, today the market may fall to break 63.40 and then reach 62.35. After that, the instrument may return to 63.80.
USD RUB, “US Dollar vs Russian Ruble”
Gold is growing to reach 1188. After that, the instrument may fall towards 1173. The entire structure may be considered as another consolidation range. After breaking it upwards, the market may start growing towards 1222.
XAU USD, “Gold vs US Dollar”
Being under pressure, Brent is still moving downwards. Possibly, today the market may reach 52.83 and then grow towards 54. After that, the instrument may form another descending structure to reach 52.40 and then resume growing with the local target at 56.
RoboForex Analytical Department
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.