Forex Daily Analysis - Wed, December 12

Forex Technical analysis and forecasts: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, Gold
Wed, Dec 12 2012, 12:20 GMT - by Igor Sayadov | RoboForex LP
EUR/USD - Yesterday the EUR/USD currency pair formed a correction towards the previous descending movement. Today the price may grow up a little bit, reach a new top at 1.3030, and then continue falling down to break the level of 1.2870. ... >>


Murray Math Lines: USD/CAD, AUD/USD, NZD/USD
Wed, Dec 12 2012, 11:47 GMT - by Igor Sayadov | RoboForex LP
Analysis for December 12th, 2012
USD/CAD - Canadian Dollar is still consolidating; the bears are supported by the H4 Super Trend. If the market is able to keep the price below the 3/8 level, the pair will continue falling down towards the 0/8 one. ... >>


Technical Summary for Commodities
Wed, Dec 12 2012, 10:49 GMT
Technical Summary for Commodities RSS |  by Slobodan Drvenica  (Windsor Brokers Ltd)
GOLD Spot Gold is poised for retest of previous high and double-Fibonacci barrier at 1717, 50% retracement of 1752/1684 and 38.2% expansion of wave from 1684, as fresh strength emerged from 1704, correction low, where ascending 20 day EMA contained pullback from 1717. With important 1700 support staying intact and 1/4h indicators in the positive territory, scope is seen for fresh extension higher, as initial barrier at 1714, yesterday’s high, has been cracked. Clearance of 1717, to open next ... >>


Technical Summary for Majors
Wed, Dec 12 2012, 08:01 GMT - by Slobodan Drvenica | Windsor Brokers Ltd
EUR/USD - The Euro holds positive stance, consolidating recent rally at 1.3000 zone. Regain of 1.3000 level, also 50% of 1.3125/1.2876 descend, sees more prospect for further recovery, as 4h studies are ascending and see room for fresh extension and test of next barrier at 1.3030, Fib 61.8%, above which 1.3085/1.3100 would come in near-term focus. However, hourly indicators are reversing from overbought zone that may signal further corrective action, with strong support at 1.2970, previous high of 07 Dec and 20/55 day EMA’s bullish crossover, expected to contain dips and keep bullish structure intact..  ... >>