Analysis for December 19th, 2014
EUR USD, “Euro vs US Dollar”
After falling, Eurodollar is still consolidating. We think, today the price may form an ascending structure to return to level of 1.2375 and then fall towards level of 1.2323. Later, in our opinion, the market may start moving upwards again to reach level of 1.2400.
GBP USD, “Great Britain Pound vs US Dollar”
After attempting to reach a new low, Pound is returning towards the upper border of its consolidation channel. We think, today the price may continue growing towards level of 1.5700 and then form a correction to reach level of 1.5600. Later, in our opinion, the market may resume growing towards level of 1.5785.
USD CHF, “US Dollar vs Swiss Franc”
Franc has reached a new high and formed a descending impulse. We think, today the price may continue forming a descending structure. The next local target is at 0.9700. Later, in our opinion, the market may test level of 0.9757 from below and then return to level of 0.9670.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still extending its ascending structure. We think, today the price may reach level of 119.47 and then fall inside the downtrend to break level of 115.00. The next target of this descending structure is at 117.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still falling inside the downtrend and reaching new lows. We think, today the price may reach level of 0.8500. The next downside target is at level of 0.8000. The main target is at 0.7800.
USD RUB, “US Dollar vs Russian Ruble”
After breaking an ascending channel, Ruble continues consolidating close to it. We think, today the price may continue falling towards level of 52.30. Considering that the regulator is taking measures to improve the situation, the pair may continue falling towards level of 45.00 any corrections.
XAU USD, “Gold vs US Dollar”
Gold has completed a correction towards an ascending impulse. We think, today the price may grow to break level of 1217 and then continue forming this wave towards level of 1240. Later, in our opinion, the market may form a correction towards level of 1217 to test it from above and then continue growing to reach level of 1250.
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