(EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)Analysis for December 28th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still forming an ascending structure, which may be considered as the fourth correctional one inside the descending wave. We think, today, the price may complete the current growth by reaching 1.0997 and then start falling to form the fifth structure with the target at 1.0752.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is being corrected towards 1.5000. After that, the pair may fall to reach 1.4746 and then form a higher correction with the target at 1.5120.
USD CHF, “US Dollar vs Swiss Franc”
Franc is being corrected towards 0.9837. Later, in our opinion, the market may grow to reach 1.0000 and then return to 0.9915.
USD JPY, “US Dollar vs Japanese Yen”
Yen has completed its descending wave. We think, today, the price may consolidate at the current lows and form a reversal pattern. Later, in our opinion, the market may be corrected to return to 122.
AUD USD, “Australian Dollar vs US Dollar”
Being under influence, Australian Dollar is moving downwards. We think, today, the price may return to the center of the ascending wave. The target is at 0.7154. Later, in our opinion, the market may grow to reach 0.7220, thus forming another consolidation channel. If later the pair breaks this consolidation channel upwards – it may reach 0.7420; if downwards – fall towards 0.7050.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble is consolidating at its top and expected to form a reversal pattern. The main scenario implies that the pair may fall towards 69. An alternative scenario suggests that the market may reach a new high and then fall inside the downtrend.
XAU USD, “Gold vs US Dollar”
Gold is moving inside
rectangle consolidation pattern. The structure implies that the price may grow to reach the upper border at 1090 and then return to 1069. Later, in our opinion, the market may test the lower border at 1047.
Forex Trading | News Daily Update | Analysis Department.
8:27 PM
0 comments:
Post a Comment