Forex Technical Analysis & Forecast 27.12.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is being corrected towards 1.1884. We think, today the price may complete the correction and then start another decline to reach the local target at 1.1740.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still consolidating in the center of the range without any particular direction. According to the main scenario, the price may continue falling towards the local target at 1.3244.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is still consolidating around 0.9894; this structure may be considered as an upside continuation pattern. The local target is at 0.9940. Later, in our opinion, the market may start another correction to reach 0.9895 and then continue growing with the target at 0.9990.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is moving downwards. Possibly, the price may be corrected towards 112.85. After that, the instrument may start another growth with the target at 113.70.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is moving upwards. Possibly, the price may extend this wave towards 0.7770. Later, in our opinion, the market may break the ascending channel and start trading downwards to reach 0.7475.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has completed the third correctional structure. Possibly, today the price may grow to reach 58.16 and then start the fifth structure with the target at 56.55.
XAU USD, “Gold vs US Dollar”
Gold has finished the ascending wave; although the price is still moving upwards, this structure may be considered as a part of another consolidation range. If later the instrument breaks this range to the downside, the market may form a reversal pattern to resume falling inside the downtrend. The first target will be at 1256.
BRENT
Brent has broken 64.60 and reached the target of another ascending structure at 66.98. We think, today the price may be corrected towards 65.00. After that, the instrument may start another growth with the target at 67.84.
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.