Analysis for December 27th, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is still is moving in the center of the consolidation range without any particular direction. The main scenario suggests that the market may continue falling inside the downtrend to reach 1.0330. However, an alternative scenario implies that the instrument may grow towards 1.0530 and then continue moving downwards with the target at 1.0150.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is consolidating at the lows of the descending wave. If later the instrument breaks this range downwards, it may fall to reach 1.2020; if upwards – start another correction with the target at 1.2370.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is moving towards the upside border of the consolidation range. If later this range is broken upwards, the market may grow to reach 1.0400; if downwards – continue the current correction with the target at 1.0200.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is moving in the center of the consolidation range without any particular direction. If later the instrument breaks this range upwards, it may grow to reach 119.50; if downwards – fall with the target at 116.00 or even 115.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is consolidating near its lows. If later the price breaks this consolidation range to the downside, it may fall to reach 0.7100; if to the upside – start another correction with the target at 0.7270.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading to near the downside border of the consolidation range. If later the market breaks this range downwards, it may reach 60.00; if upwards – grow with the target at 62.00. After that, the instrument may continue falling inside the downtrend towards 60.00.
XAU USD, “Gold vs US Dollar”
Gold is trading to reach 1144. Later, in our opinion, the market may fall towards 1100.
Brent is moving upwards. After the breaking the triangle
’s upside border, the market is expected to grow towards 56.80 or even 59.90. However, if the price breaks 55.00 to the downside, the correction may continue to reach 52.00.
RoboForex Analytical Department