Home / Forex & Currency Exchange News / Forex Technical Analysis 06.01.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Forex Technical Analysis 06.01.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By RoboForex.com

Analysis for January 6th, 2017

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has rebounded from 1.0500 and right now is still growing towards 1.0624. Possibly, today the price may fall to reach the downside border of the consolidation range. The target is at 1.0300.

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has completed the ascending structure. Possibly, today the price may fall towards 1.2290. This structure may be considered as a part of another descending wave with the target at 1.2150.

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has reached the target of the descending wave. Possibly, today the price may grow with the target at 1.0220 and then fall towards 1.0140. Later, in our opinion, the market may continue moving upwards to reach 1.0400.

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has completed the descending structure towards 115.10. Possibly, today the price may grow with the target at 116.65 (at least). After that, the instrument may fall to reach 114.75.

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has completed the ascending structure. Possibly, today the price may fall towards 0.7245 and then start another correction with the target at 0.7290. After that, the instrument may continue falling to reach 0.7100.

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is forming the third descending wave with the target at 59.50. After the market opening, the price may reach 60.00 and then start another correction towards 62.50. After that, the instrument may fall to reach 58.50.

XAU USD, “Gold vs US Dollar”

Gold has completed the ascending structure. Possibly, today the price may start forming another consolidation range. The instrument is expected to break the range to the downside and fall with the target at 1148. Later, in our opinion, the market may start growing to reach 1170.

BRENT

Brent is growing with the target at 57.65. Later, in our opinion, the market may fall towards 56.51 and then continue moving upwards to reach 58.84.

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.

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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