TRENDING:

GBP/USD

XAU/USD

Forex Technical Analysis and Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, USD/CAD, Gold, Brent, BTC/USD

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After reaching 1.1022 and forming another consolidation range, EUR/USD has broken it to the downside. Possibly, the pair may form a new descending structure towards 1.0978 and then start another correction to return to 1.1022.

GBP/USD, “Great Britain Pound vs US Dollar”

GBP/USD is moving downwards. Today, the pair may reach 1.2942 and then start a new correction towards 1.3000. Later, the market may resume trading downwards with the target at 1.2885.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is moving upwards. Possibly, today the pair may reach 0.9750 and then start another correction to break 0.9720. Later, the market may resume trading inside the downtrend with the target at 0.9690.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is moving upwards. Possibly, today the pair may grow to reach 110.05. After that, the instrument may form a new descending structure to break 109.50 and then continue the correction with the target at 109.12.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed the ascending structure towards 0.6763. Today, the pair may fall to break 0.6737 and then continue trading downwards with the target at 0.6720.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB has finished the descending wave at 62.55. Possibly, today the pair may correct to reach 63.25 and then form a new descending structure with the target at 62.20.

USD/CAD, “US Dollar vs Canadian Dollar”

USD/CAD is consolidating above 1.3267 without any particular direction. Today, the pair may expand the range up to 1.3309. After that, the instrument may start a new decline with the target at 1.3216.

XAU/USD, “Gold vs US Dollar”

Gold is consolidating below 1558.97. Possibly, the pair may fall to break 1545.10 and then continue trading downwards with the short-term target at 1538.48.

BRENT

Brent is moving upwards. Possibly, the pair may reach 56.98 and then start another correction with the target at 55.45.

BTC/USD, “Bitcoin vs US Dollar”

BTC/USD is consolidating close to the upside border of the range. If later the price breaks 9600.00 to the upside, the market may resume moving upwards to reach 10044.00 and then start a new decline towards 9000.00.

Author

RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD struggles for direction amid USD gains

EUR/USD is trimming part of its earlier gains, coming under some mild downside pressure near 1.1730 as the US Dollar edges higher. Markets are still digesting the Fed’s latest rate decision, while also looking ahead to more commentary from Fed officials in the sessions ahead.

GBP/USD drops to daily lows near 1.3360

Disappointing UK data weighed on the Sterling towards the end of the week, triggering a pullback in GBP/USD to fresh daily lows near 1.3360. Looking ahead, the next key event across the Channel is the BoE meeting on December 18.

Gold losses momentum, challenges $4,300

Gold now gives away some gains and disputes the key $4,300 zone per troy ounce following earlier multi-week highs. The move is being driven by expectations that the Fed will deliver further rate cuts next year, with the yellow metal climbing despite a firmer Greenback and rising US Treasury yields across the board.

Litecoin Price Forecast: LTC struggles to extend gains, bullish bets at risk

Litecoin (LTC) price steadies above $80 at press time on Friday, following a reversal from the $87 resistance level on Wednesday. Derivatives data suggests a bullish positional buildup while the LTC futures Open Interest declines, flashing a long squeeze risk.

Big week ends with big doubts

The S&P 500 continued to push higher yesterday as the US 2-year yield wavered around the 3.50% mark following a Federal Reserve (Fed) rate cut earlier this week that was ultimately perceived as not that hawkish after all. The cut is especially boosting the non-tech pockets of the market.

Aave Price Forecast: AAVE primed for breakout as bullish signals strengthen

Aave (AAVE) price is trading above $204 at the time of writing on Friday and approaching the upper boundary of its descending parallel channel; a breakout from this structure would favor the bulls.