Analysis for December 17th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar is still being corrected towards its previous ascending wave. We think, today the price may complete this correction and leave this correctional channel. Later, in our opinion, the market may grow towards level of 1.2650.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is finishing its correction. We think, today the price may leave this correctional channel and start moving upwards to reach the next target at level of 1.5850.
USD CHF, “US Dollar vs Swiss Franc”
Franc is completing its correction. We think, today the price may leave this correctional channel and continue falling towards level of 0.9530. Later, in our opinion, the market may return to the current levels.
USD JPY, “US Dollar vs Japanese Yen”
Yen is finishing its correction with the target at level of 117.90. After that, the price may continue moving inside the downtrend towards level of 115.00. Later, in our opinion, the market may start a new correction to return to level of 118.00.
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 main downside target is at level of 0.7800.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues moving upwards. We think, today the price may fall towards level of 45.00, because of the regulator’s decisive actions.
XAU USD, “Gold vs US Dollar”
Gold has reached the target of its correction. We think, today the price may form a consolidation channel near the current low and then break this channel upwards. The next target of an ascending wave is at level of 1250. Later, in our opinion, the market may start falling again towards level of 1190.
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