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Forex Technical Analysis 24.12.2018 EURUSD, GBPUSD, USDCHF

EURUSD, “Euro vs US Dollar”

EURUSD has formed another consolidating range around 1.1414 and broken it to the downside; right now, it is trading downwards to return to the broken border of the range. Possibly, the pair may test 1.1414 from below and then resume falling with the short-term target at 1.1344. After that, the instrument may to return to 1.1414 once again and then resume trading inside the downtrend with the first target at 1.1340.

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 close to 1.2640 without any particular direction. If later the instrument breaks 1.2710 to the upside, the price may be corrected with the short-term target at 1.2750; if 1.2600 to the downside – resume trading inside the downtrend towards 1.2530 and then form one more ascending structure to return to 1.2640.

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 formed another consolidation range around 0.9913; if later it breaks this range to the upside, the price may continue the ascending wave with the short-term target at 0.9963. Right now, the pair is expected to return to 0.9913 and then resume growing to reach the above-mentioned target. Later, the market may start a new correction to return to 0.9913 once again and then form one more ascending structure with the first target at 0.9985.

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 completed the ascending impulse along with the correction, thus forming another consolidation range. If later the instrument breaks 111.46 to the upside, the price may be corrected to reach 112.12; if 110.80 to the downside – resume trading inside the downtrend and extend the third wave with the target at 107.50.

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 formed another consolidation range around 0.7100 and broken it to the downside; right now, it is trading downwards to reach 0.7000. Possibly, today the pair may return to 0.7100 to test it from below and then form a new descending structure with the target at 0.7000.

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 has reached its short-term target at 67.17 and broken it to the upside. Today, the pair may start a new correction to return to 67.17. After that, the instrument may, form one more ascending structure with the target at 68.96.

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; it has finished the descending impulse along with the correction at 1262.00. Possibly, the pair may extend this structure towards 1268.50, resume falling towards 1262.00 and then start a new ascending structure to reach 1274.74. All rising structures (to extend the ascending wave or form a reversal pattern) may be formed only according to an alternative scenario. The main scenario implies that the price may break 1254.25 to the downside and trade inside the downtrend with the first target at 1230.50.

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

BRENT

Brent is trading upwards. Today, the pair may reach 55.95 and then form another descending structure towards 51.75. Later, the market may start a new growth with the target at 57.50.

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


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