Analysis for December 19th, 2013
Influenced by the news, Euro reached new maximum and started forming new descending structure. Market reached minimum of this correction. We think, today price may start forming another ascending structure to break maximum and continue growing up towards 1.4100. Alternative scenario implies that pair may continue this correction towards level of 1.3555.
Influenced by the news, Pound reached new maximum and continued moving inside consolidation channel. Later, in our opinion, pair may move upwards to break maximums and then continue growing up towards target at 1.7150. Alternative scenario implies that pair may fall down to reach level of 1.6280 and then start new ascending movement to break maximums.
Franc reached minimum of this correction. We think, today price may continue falling down to break minimums and then move towards level of 0.8680. Alternative scenario implies that pair may form correction towards 0.9076 and then move inside down trend.
Yen reached new maximum of this ascending wave. We think, today price may break ascending channel and fall down towards the first target at 98.80.
Australian Dollar continue falling down towards target at 0.8720. Right now, market is moving in the middle of previous descending structure and may form narrow consolidation channel. Later, in our opinion, pair may continue moving downwards to reach above-mentioned target.
Gold broke level of 1230 downwards and continued falling down. We think, today price may move downwards to reach level of 1210 and then return to level of 1230. Later, in our opinion, instrument may complete this wave by reaching 1195 and then start new ascending structure towards target at 1360.
RoboForex Analytical Department