Analysis for December 1st, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is forming the fifth ascending structure to reach 1.0700. After that, the instrument may be corrected towards 1.0604.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still growing towards 1.2592. Later, in our opinion, the market may start falling to reach 1.2067.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has reached a new high. Being under pressure, today the price is falling and may reach 1.0070. After that, the instrument may be corrected with the target at 1.0140.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair hasn’t been able to continue its descending structure and reached a new high instead. We think, today the price may form another descending impulse and reach 112.50 Later, in our opinion, the market may be corrected towards 113.60.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is still forming the descending structure with the target at 0.7369. Later, in our opinion, the market may form another ascending wave towards 0.7550. After that, the instrument may continue falling inside the downtrend.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is forming another descending wave towards 63.20. We think, today the price may consolidate for a while, break the range downwards, and then fall to reach 61.00.
XAU USD, “Gold vs US Dollar”
Gold has reached new lows and right now is growing towards 1200. Later, in our opinion, the market may move downwards with the target at 1180.
Brent is forming the third ascending wave. Possibly, the market may continue growing to reach 55.95 and then fall towards 51.50.
RoboForex Analytical Department
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