Forex Technical Analysis for 15.12.2015

December 15, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is expanding its consolidation channel upwards. We think, today, the price may prefer to move according to an alternative scenario and grow to reach 1.1068. Later, in our opinion, the market may fall and expand the channel downwards to reach 1.0925. After that, the instrument may return to the center to test 1.1000 from below.

GBP USD, “Great Britain Pound vs US Dollar”

Pound has expanded its consolidation channel upwards and then downwards. We think, today, the price may return to the center of the channel at 1.5196, breaks the lows, and then continue falling inside the downtrend with the target at 1.5030. An alternative scenario suggests that the pair may expand the channel upwards to reach 1.5260.

USD CHF, “US Dollar vs Swiss Franc”

Franc has completed its descending structure and already formed two ascending impulses. We think, today, the price may form the third one with the target at 0.9867. Later, in our opinion, the market may test 0.9826 from above and then grow to reach 0.9953.

USD JPY, “US Dollar vs Japanese Yen”

Yen has reached the target of the third wave and right now is consolidating. If the price breaks this consolidation channel upwards, it may be corrected to return to 122.25; if downwards – expand the third wave towards 118.03.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has almost completed the correction of the descending five-wave structure. We think, today, the price may fall towards 0.7206 and then return into the consolidation channel at 0.7240. If the price breaks this channel upwards – the market may grow to reach 0.7420; if downwards, the downtrend may continue to reach 0.7141.

USD RUB, “US Dollar vs Russian Ruble”

Russian Ruble has expanded its trading range upwards.  We think, today, the price may return to 69.25 and then to 70.00. After that, the instrument may fall towards 68.50 and form a reversal structure.

XAU USD, “Gold vs US Dollar”

Gold has reached the local target of the flag correctional pattern. We think, today, the price may form the fourth correctional structure towards 1071.88 and then the fifth one with the target at 1055.44.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

October 25, 2016
US flash Markit PMI jumped 1.7 points to 53.2 in October
Asian stock markets are mostly down, as the positive confidence indicators out of Europe and the U.S. yesterday were overshadowed by weak GDP numbers from South Korea, which weighed on most markets. Topix and Nikkei outperformed, with a weaker Yen underpinning exporters...
October 25, 2016
Fed speech, flash PMI push dollar to a fresh 8-month high
Marking the final day of Fed speeches ahead of the one-week blackout period starting today, FOMC voting member, Bullard said that December was most likely for a rate hike...
October 25, 2016
M&A activities drove equities, focus shifts to earnings
Equity markets began the week on a positive note with M&A activities, positive earnings, and better than expected manufacturing data from the Eurozone and U.S. all boosting appetite to risk...

FIBO Group Rating
Grand Capital Rating
Larson&Holz IT Ltd Rating
FXCM Rating
HotForex Rating
Fort Financial Services Rating

EZTrader Rating
Porter Finance Rating
Anyoption Rating
OptionsXO Rating
IQ Option Rating
TopOption Rating