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Forex Technical Analysis 17.12.2018 EURUSD, GBPUSD, USDCHF

EURUSD, “Euro vs US Dollar”

EURUSD has completed another consolidation range around 1.1288; right now, it is trading upwards. According to the main scenario, the pair is expected to start a new correction towards 1.1322 and then resume falling to reach 1.1251. After that, the instrument may form one more ascending structure towards 1.1289 and then resume trading inside the downtrend with the target at 1.1150.

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 consolidating. Possibly, today the pair may fall towards 1.2511 and then grow to reach 1.2611. Later, the market may resume trading inside the downtrend with the short-term target at 1.2430.

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 is trading upwards. Possibly, the pair may reach 1.0003 and then start a new correction towards 0.9957. After that, the instrument may resume trading inside the uptrend with the first target at 1.0053.

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 is trading upwards to reach 113.52. Later, the market may form a new descending structure to break 113.13 and then continue trading inside the downtrend with the short-term target at 112.75.

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 trading downwards. Possibly, the pair may reach 0.7190 and then resume falling with the short-term target at 0.7135. After that, the instrument may form one more ascending structure towards 0.7190 and then continue trading inside the downtrend with the 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 still consolidating above 66.50. If later the instrument breaks this range to the upside, the price may grow to reach 67.47 (an alternative scenario); if to the downside – resume trading inside the downtrend to break 65.56 and then continue this decline 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 has completed the ascending impulse along with the correction. Today, the pair may form one more ascending structure towards 1245.70 and then start a new decline to reach 1240.25. If later the instrument breaks this range to the upside, the price may grow with the target at 1252.30; if to the downside – continue the correction continue the correction towards 1212.50.

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 58.00. If later the instrument breaks this range to the upside, the price may resume trading inside the uptrend with the short-term target at 66.00. The key target is at 73.00.

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


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