Analysis for December 26th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar is moving close to the upper border of its consolidation channel. We think, today the price may continue falling to reach a new low. The next downside target is at level of 1.2100. Later, in our opinion, the market may return to level of 1.2150 and then continue falling to reach level of 1.2050.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is moving upwards. We think, today the price may form an ascending wave with the target at 1.5600 and then fall towards level of 1.5523. After the pair completes this pattern, we’ll estimate if such structure may continue growing.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still consolidating below level of 0.9827. The target of this ascending wave is at 0.9895. Later, in our opinion, the market may return to level of 0.9827 and then start a new ascending movement to reach level of 0.9930.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming a correction with the target at 119.78. After reaching it, the price may grow towards level of 120.98 and then return to level of 120.00. Later, in our opinion, the market may continue moving upwards with the target at level of 121.70.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still falling inside the downtrend. We think, today the price may reach level of 0.8050. Later, in our opinion, the market may form a consolidation channel and break it downwards. The next target is at level of 0.8000.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is consolidating. Later, in our opinion, the market may fall towards level of 50.00 and then start a correction towards level of 60.00. After that, the pair may continue falling with the target at level of 45.00.
XAU USD, “Gold vs US Dollar”
Gold is moving upwards, the market is expected to continue forming an ascending wave with the target at level of 1250.00. We think, today the price may form the first ascending structure of this wave to reach level of 1207.00.
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