Article By RoboForex.com
Analysis for December 4th, 2015
EUR USD, “Euro vs US Dollar”
Being influenced by the news, Eurodollar has started a correction. The market has almost reached the target of the fourth wave. The main scenario remains the same – today the price may continue falling inside the downtrend and start the fifth wave with the target at 1.0300. The first target is at 1.0768.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is being corrected. We think, today, the price may fall towards 1.5071. Later, the correction may continue to reach 1.5250 (an alternative scenario). After that, the instrument may continue falling to reach 1.4848.
USD CHF, “US Dollar vs Swiss Franc”
Franc has almost completed the fourth correctional structure. We think, today, the price may start forming the fifth wave to reach 1.0530.
USD JPY, “US Dollar vs Japanese Yen”
Yen is consolidating. We think, today, the price may grow to reach 123.80. After that, the pair may return to 123.00.
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still consolidating. We think, today, the price may be corrected towards 0.7200 and then continue growing to reach 0.7400.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble is expected to return to 66.48 today. After that, the pair may continue forming its descending wave towards 60.00. An alternative scenario implies that the market may reach a new high and then continue falling towards 60.00.
XAU USD, “Gold vs US Dollar”
Gold has completed its ascending correction. We think, today, the price may fall to reach 1043.45 and then return to 1059.00 to test it from below. After that, the instrument may fall towards 1015.00.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
