Forex Technical Analysis for 11.12.2015

December 11, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is forming the descending impulse with the target at 1.0907. After that, the instrument may return to 1.0976 and then continue falling inside the downtrend. The next target is at 1.0780.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is consolidating. We think, today, the price may expand this consolidation channel downwards and then return to 1.5156. Later, in our opinion, the market may continue falling to complete the correction with the target at 1.5030. 

USD CHF, “US Dollar vs Swiss Franc”

Franc has formed the ascending impulse and corrected it. We think, today, the price may form another ascending impulse to return to 1.0024 and then test 0.9924 from above, thus morning a wider consolidation channel. After breaking it upwards, the market may form the fifth ascending wave with the target at 1.0550.

USD JPY, “US Dollar vs Japanese Yen”

Yen is returning to 122.25. We think, today, the price may reach this target and then continue falling towards the local target at 121.00.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is growing towards 0.7350. After that, the instrument may return to 0.7233. The market is forming triangle pattern in the center of its consolidation channel.

USD RUB, “US Dollar vs Russian Ruble”

Being influenced by the oil market, Russian Ruble continues growing. We think, today, the price may reach 70.08 and fall towards 68.30. The market is forming another consolidation channel with the central structure to expand it upwards. After that, the instrument may expand the channel downwards and form a reversal pattern. The downside target of the fifth wave is at 60.00.

XAU USD, “Gold vs US Dollar”

Gold has broken 1071.88 and almost formed a continuation pattern. We think, today, the price may reach 1060.00 and then test 1071.88 from below. After that, the instrument may resume falling towards 1057.00.

Publication source
RoboForex information  RoboForex reviews

January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

XM Rating
XTB Rating
Z.com Trade Rating
Trade360 Rating
Vantage FX Rating
FXCM Rating

Beeoptions Rating
IQ Option Rating
99Binary Rating
OptionFair Rating
Anyoption Rating
Migesco Rating