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

December 8, 2016
U.S. equities post a new record high. Euro looks to ECB meeting
U.S. equities edged higher to post new highs in yesterday's trading marking one of the strongest one day gains since the November elections. The DJIA gained 1.6% while the S&P500 closed with 1.3% gains...
December 8, 2016
US equities jump sharply
US markets saw a massive rise today as the Dow was up 300 points and the S&P 500 was up 29 points showcasing that investors believe the advent of Trump will have a positive effect on the US economy.
December 7, 2016
GBP falls as industrial & manu. production miss
The pound has come under pressure in London trading today. EURGBP buying has been a driver, with the cross rallying some 0.5% to a peak of 0.8510, since ebbing to around 0.8490. Gains failed to sustain above the 20-day moving average, which is at 0.8503...

Tickmill Rating
XTB Rating
Grand Capital Rating
EXNESS Rating
HYCM Rating
Trade360 Rating

TopOption Rating
365BinaryOption Rating
OptionRally Rating
Porter Finance Rating
EZTrader Rating
Grand Option Rating