Forex Technical Analysis 12.12.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

December 12, 2013

EUR/USD

Euro continues forming consolidation channel near its top. We think, today price may renew current top, because descending impulse, which was formed earlier, isn’t strong enough to continue descending correction. Later, in our opinion, pair may start new descending impulse and form reversal pattern to start new correction towards 1.3555 (at least).


 

GBP/USD

Pound continues falling down; market formed continuation pattern near level of 1.6372. Next target is at 1.6280. Later, in our opinion, pair may return to 1.6372, fall down towards 1.6280, and then continue current correction. Alternative scenario implies that price may try to continue its ascending movement to reach new maximum.


 

USD/CHF

Franc continues consolidating near its minimums. Ascending impulse, which was formed earlier, isn’t strong enough to continue this correction. We think, today price may reach new minimum at 0.8820 and then start new ascending impulses to form reversal pattern for new correction towards 0.9070. Later, in our opinion, pair ay continue moving inside descending trend.


 

USD/JPY

Franc is moving downwards and expected to stop this descending movement after reaching lower border of its consolidation channel. However, first descending impulses aren’t strong enough to start new down trend. We think, today price may form another ascending impulse to reach new top at 103.47 and then start new descending impulses to form reversal pattern. We remind you that pair may be forming five-wave structure with target at 93.50. Alternative scenario implies that price may reach new top at once and then start forming reversal pattern.


 

AUD/USD

After finishing ascending structure, Australian Dollar couldn’t form correctional pattern towards level of 0.9060. We think, today price may fall down to reach 0.8945 and then continue moving inside down trend.


 

GOLD

Gold continues moving downwards. We think, today price may reach level of 1242 and then form another ascending structure towards 1270. Alternative scenario implies that instrument may continue falling down towards new minimums and reach level of 1201.



 
RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

February 24, 2017
Gold surges to major $1250 resistance as uncertainty prevails
Gold surged Thursday on a breakout of its previous consolidation to hit and slightly exceed major technical resistance at $1250, a level not seen since early November...
February 24, 2017
Dollar falls as peso and gold rally
The U.S. dollar was the weakest currency yesterday as surprisingly, the Mexican peso rallied, rising 1.22% over the day against the greenback...
February 23, 2017
U.S. dollar muted to Fed minutes
The U.S. dollar index was flat yesterday after the Federal Reserve published the meeting minutes from the January 31 -February 1 monetary policy meeting...

Vantage FX Rating
NPBFX Rating
FXCM Rating
FX Giants Rating
Larson&Holz IT Ltd Rating
FOREX.com Rating

Anyoption Rating
Beeoptions Rating
Empire Option Rating
GTOptions Rating
Binary Brokerz Rating
OptionRally Rating