Analysis for December 3rd, 2015
EURUSD, “Euro vs US Dollar”
Eurodollar has reached another low and returned into its consolidation channel. We think, today, the price may expand the channel downwards; the pair is expected to reach 1.0493 and then test 1.0556 from below. Later, the market continue falling inside the downtrend with the target at 1.0300.
GBPUSD, “Great Britain Pound vs US Dollar”
Pound has expanded its trading range downwards and left the consolidation channel. We think, today, the price may test 1.4995 from below and then continue falling to reach 1.4848.
USDCHF, “US Dollar vs Swiss Franc”
Franc has expanded its consolidation channel and tested the center of the continuation from above. We think, today, the price may start forming another ascending wave to reach 1.0357.
USDJPY, “US Dollar vs Japanese Yen”
Yen is forming its ascending structure to expand the consolidation channel upwards and reach 123.80. After that, the pair may return to 123.00 to test it from above and then continue growing to reach 124.50.
AUDUSD, “Australian Dollar vs US Dollar”
Australian Dollar is forming the first descending impulse with the target at 0.7277. After that, the pair may test 0.7310 from below and then continue falling as a correction towards 0.7200.
USDRUB, “US Dollar vs Russian Ruble”
Following the oil prices decline, Russian Ruble is extending its correction towards 68.20. After that, the pair may return to 66.50 and then form another ascending structure to reach 68.65.
XAUUSD, “Gold vs US Dollar”
Gold has reached new lows. We think, today, the price may continue falling to reach 1040 and then return to 1065 to test it from below. After that, the instrument may fall towards 1015.
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