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Forex Technical Analysis 12.12.2018 EURUSD, GBPUSD, USDCHF

EURUSD, “Euro vs US Dollar”

EURUSD has completed another descending impulse, which may be considered as the third wave inside the downtrend with the target at 1.1310. Possibly, today the pair may be corrected to reach 1.1344 and then form the fifth structure towards 1.1266.

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 has completed another ascending structure towards 1.2638; right now, it is still trading downwards with the target at 1.2470. Today, the pair may form one more ascending structure to reach 1.2550 and then start a new decline towards the above-mentioned target. Later, the market may start another growth to return to 1.2550.

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 broken 0.9900 upwards and reached its short-term target. Possibly, today the pair may return to 0.9900 and then form one more ascending structure with the first target at 0.9947. Later, the market may be corrected to return to 0.9900 one more time and then continue trading inside the uptrend with the target at 1.0000.

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 reached its upside target. Today, the pair may form a new descending structure with the first target at 112.70 and then grow to reach 113.10. After that, the instrument may start a new decline to break 112.42 and then continue trading inside the downtrend with the short-term target at 111.40.

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 is still consolidating around 0.7200. Possibly, today the pair may grow towards 0.7245 and then fall to return to 0.7200. If later the instrument breaks this range to the upside, the price may be corrected to reach 0.7277; if to the downside – resume trading inside the downtrend with the short-term target at 0.7077.

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 in the center of the range around 66.47. Today, the pair may expand the range towards 65.73. In case the price breaks the range to the downside, the instrument may continue trading inside the downtrend with the short-term target at 64.00.

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 consolidating around 1243.38. Possibly, the pair may be corrected downwards to reach 1235.90 and then start another growth towards 1252.30.

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

BRENT

Brent is still consolidating around 60.10. Possibly, the pair may form a new descending structure to reach 58.30. If later the instrument breaks this range to the upside, the price may resume 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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