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XAU/USD

Silver

Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent

RoboForex Team RoboForex

Analysis for December 7th, 2016

EURUSD, “Euro vs US Dollar”

The EUR/USD pair is forming another descending structure towards 1.0600. Later, in our opinion, the market may start growing to return 1.0720.

GBPUSD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is moving downwards with the target at 1.2555. After that, the instrument may start growing to reach 1.2968.

USDCHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is forming another ascending wave to reach 1.0172. Later, in our opinion, the market may fall towards 1.011.

USDJPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is moving upwards with the target at 114.76. After that, the instrument may fall towards 112.50.

AUDUSD, “Australian Dollar vs US Dollar”

The AUD/USD pair is falling towards the downside border of its consolidation range. We think, today the price may reach 0.7370. Later, in our opinion, the market may grow towards 0.7550.

USDRUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is consolidating. Possibly, today the market may fall to break 63.40 and then reach 62.00. After that, the instrument may return to 63.40.

XAUUSD, “Gold vs US Dollar”

Being under pressure, Gold is falling. Possibly, today the market may reach 1155 and then start growing towards 1222.

BRENT

Being under pressure, Brent is still moving downwards. Possibly, today the market may to reach 53. After that, the instrument may continue growing with the local target at 56.

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.

EUR/USD faces next resistance near 1.1930

EUR/USD has surrendered its earlier intraday advance on Thursday and is now hovering uncomfortably around the 1.1860 region amid modest gains in the US Dolla. Moving forward, markets are exoected to closely follow Friday’s release of US CPI data.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.

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Ripple collaborates with Aviva Investors to tokenize funds as XRP interest declines

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