Analysis for December 30th, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has moved upwards and reached the target of the ascending structure. Possibly, today the price may fall reach 1.0132 and test the triangle
’s downside border. Later, in our opinion, the market may grow towards 1.0465. After that, the instrument may continue moving downwards to reach 1.0150.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has completed the correction. Possibly, the price may fall to break its lows. The market is expected to reach 1.2105.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has moved downwards and reached the center of the diamond
pattern, and right now is rebounding to the upside. Possibly, the price may continue growing to break its highs. Later, in our opinion, the market may form another ascending wave with the target at 1.0400.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is moving to test 117.00 from below. Possibly, the price may rebound from this level and start falling towards 115.00. An alternative scenario implies that the instrument may move upwards to reach 118.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is being corrected with the target at 0.7265. After that, the instrument may fall towards 0.7050.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is falling towards the target at 60.00. Possibly, today the price may rebound from 60.66 again and then fall to reach the above-mentioned target. Possibly, this structure may be extended up to 59.50.
XAU USD, “Gold vs US Dollar”
Gold has completed the correction. Possibly, today the price may fall towards 1130 and then continue falling inside the downtrend with target at 1100.
Brent is consolidating in a narrow range. Possibly, today the price may break it upwards; the target is at 58.80. After that, the instrument may fall to reach 56.80 and then move upwards with the target at 59.90.
RoboForex Analytical Department