Analysis for December 15th, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is trading to break the downside border of the consolidation range. Possibly, the price may form a downside continuation patter at 1.0500. The local target is at 1.0332. Later, in our opinion, the market may return to 1.0500.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still being corrected. We think, today the price may reach 1.2496. After that, the instrument may start another growth with the target at 1.2615.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is forming another ascending structure with the target at 1.0300. Later, in our opinion, the market may fall to reach 1.0200.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is growing towards 118.25. After that, the instrument may fall to reach 113.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is falling towards 0.7380. Later, in our opinion, the market may grow to reach 0.7450 and then resume its decline with the target at 0.7300.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is expected to reach 61.25. After that, the instrument may grow towards 63.25 and then continue falling with the target at 60.00.
XAU USD, “Gold vs US Dollar”
Gold has broken its consolidation range to the downside. Possibly, the price may reach 1100.
Brent is expected to fall towards 54.10. Later, in our opinion, the market may move upwards with the target at 55.50 and then start another decline towards 53.25.
RoboForex Analytical Department