Forex Technical Analysis & Forecast 06.12.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has broken 1.1831 downwards. Possibly, today the price may fall to reach 1.1784 and then grow towards 1.1830. After that, the instrument may form another descending structure with the local target at 1.1723.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has completed the second descending impulse along with the correction. We think, today the price may form the third one with the target at 1.3310. Later, in our opinion, the market may resume growing towards 1.3425.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is consolidating to break 0.9865. Possibly, the price may continue growing towards 1.0017. After that, the instrument may be corrected to return to 0.9865 and then continue growing inside the uptrend with the target at 1.0100.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is moving downwards. Possibly, the price may reach 112.02 and then resume growing towards 112.45. Later, in our opinion, the market may continue falling with the target at 111.88.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading to the downside. We think, today the price may reach 0.7551. After that, the instrument may break this level downwards and then continue falling with the target at 0.7400.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading to break the ascending channel to the downside. The target is at 58.29. Later, in our opinion, the market may resume falling towards 58.68 and then start another decline to reach the local target at 57.95.
XAU USD, “Gold vs US Dollar”
Gold has reached 1261 and right now is moving upwards to test 1272 from below. Possibly, the price may form another consolidation range near the lows. If later the price breaks this range to the downside, the market may continue falling towards the local target at 1250; if to the upside – start another correction to reach 1283.
BRENT
Brent is expected to reach 63.63, thus forming a new consolidation channel. If later the price breaks this channel to the upside, the market may grow towards 66.00; if to the downside – continue the correction to reach 61.00.
RoboForex Analytical Department
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.