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Forex Technical Analysis 10.12.2018 EURUSD, GBPUSD, USDCHF

EURUSD, “Euro vs US Dollar”

EURUSD continues moving according to an alternative scenario, which implies that the price may continue the correction. Possibly, today the pair may reach 1.1445 and then form a new consolidation range at the top of this wave. However, according to the main scenario the instrument is expected to continue trading inside the downtrend towards the downside border of the range at 1.1400.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading upwards to each 1.2762. Later, the market may form a new descending structure with the short-term target at 1.2655.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has reached one more descending structure. Possibly, today the pair may form a new consolidation range close to the current lows. However, after breaking the channel of the fifth descending wave, the instrument may resume trading inside the uptrend with the first target at 1.0007.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has almost finished the descending structure. Today, the pair may form a new consolidation range near the lows. If later the instrument breaks this range to the upside, the price may start another correction to reach 113.20 and then form a new descending structure with the short-term target at 111.66.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has completed the first descending impulse; right now, it is consolidating. If later the instrument breaks this range to the upside, the price may be corrected to reach 0.7300 and the resume trading inside the downtrend with the short-term target at 0.7075.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating near the downside border of the range. Possibly, the pair may fall to break 65.60 and then continue trading inside the downtrend with the short-term target of the third wave at 65.00.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold is trading upwards. Possibly, the pair may expand the current range up to 1252.30 and start another decline towards 1244.40. Later, the market may form one more ascending structure to reach 1257.00 and then resume falling with the first target at 1235.90.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is forming the third ascending wave towards 64.46. After that, the instrument may form a new consolidation range, break it upwards, and continue trading inside the uptrend with the short-term target at 67.77.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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