Forex Technical Analysis & Forecast 13.12.2017 (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 reached another low and completed the correction. We think, today the price may form another descending structure to reach 1.1703. Later, in our opinion, the market may grow towards 1.1754 and then continue falling inside the downtrend. The local target is at 1.1650.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still forming the third descending structure. The local target is at 1.3280. After that, the instrument may grow towards 1.3390 (at least) and then resume falling to reach 1.3249.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is still consolidating. According to the main scenario, the price may grow towards 0.9980, break it, and then continue moving upwards to reach 1.0020.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is consolidating at the top of the ascending structure, which may be considered as a continuation pattern. Possibly, today the price may grow towards 113.72, break it, and then continue moving upwards with the target at 114.14.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has returned to 0.7575. We think, today the price may fall towards 0.7500, break it, and then continue moving downwards to reach 0.7455.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is still consolidating around 58.94. If later the instrument breaks this range to the upside, the market may start another growth towards 59.86; if to the downside – continue falling to reach 58.14.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating. We think, today the price may fall to reach 1235 and then grow towards 1243. If later the instrument breaks this range to the upside, the market may move upwards to reach 1268; if to the downside – continue falling inside the downtrend towards the next target at 1220.
BRENT
Brent has reached 66.00 and tested 63.90 from above. Possibly, today the price may grow to break 66.05 to the upside. The next target is at 67.88. Later, in our opinion, the market may start another correction towards 64.60.
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.