Analysis for December 30th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has formed another descending impulse and right now is consolidating. We think, today, the price may continue falling to reach 1.0860. This decline may be considered as a part another descending wave with the target at 1.0754.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is consolidating to reach new lows; the market has almost formed a downside continuation pattern. We think, soon the price may reach 1.47474, consolidate for a while, and then continue falling towards 1.4560. An alternative scenario implies that the pair reach 1.4750 and then form a new correction to return to 1.5120.
USD CHF, “US Dollar vs Swiss Franc”
Franc has formed another ascending impulse and right now is consolidating. The main scenario suggests that the price may continue growing to expand the channel towards 0.9920. Later, in our opinion, the market may form a continuation pattern and move upwards to reach 1.0037.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still forming its ascending impulse with the target at 120.75. Later, in our opinion, the market may fall towards 120.45 and then continue the correction to reach 122.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has expanded its consolidation channel upwards. Actually, the market has formed an upside continuation pattern, which may continue up to 0.7400. We think, today, the price may return to 0.7263, then reach a new high and continue growing to reach the above-mentioned target.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble is still growing. We think, the price may reach 73.30 and then return to 71.26.
XAU USD, “Gold vs US Dollar”
Gold hasn’t been able to rebound from the center and grow towards 1090, and right now is consolidating in the rectangle trading range. We think, today, the price may fall towards 1064. Later, in our opinion, the market may form another consolidation channel and start a new decline to reach 1047.
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