Dear colleagues.
For the of EUR / USD pair, we follow the formation of the upward structure of December 12. For the GBP / USD pair, the cancellation of the downward structure from December 8 is expected after the breakdown of 1.3440. For the USD / CHF pair, we follow the downward cycle from December 8. For the USD / JPY pair, the price forms a downward structure from December 12. For the of EUR / JPY pair, the continuation of the upward movement is expected after the breakdown of 134.05. For the GBP / JPY pair, we expect either the confirmation of the upward structure from December 6 or its cancellation and movement towards the level of 149.71.
Forecast for December 14:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1974, 1.1941, 1.1891, 1.1854, 1.1817, 1.1793, 1.1761 and 1.1715. Here, we follow the formation of the upward structure of December 12. Continued upward movement is expected after the breakdown of 1.1854. In this case, the target is 1.1891. Near this level is the consolidation of the price. The break of the level of 1.1891 should be accompanied by a pronounced upward movement. The target here is 1.1941. The potential value for the top is the level of 1.1974, upon reaching which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.1817-1.1793. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.1761. This level is the key support for the upward structure. Passing the price will lead to a downward movement. Here, the target is 1.1715.
The main trend is the formation of the upward structure of December 12.
Trading recommendations:
Buy: 1.1855 Take profit: 1.1890
Buy: 1.1895 Take profit: 1.1940
Sell: 1.1790 Take profit: 1.1765
Sell: 1.1758 Take profit: 1.1715
For the GBP / USD pair, the key levels on the scale of H1 are: 1.3438, 1.3398, 1.3367, 1.3315, 1.3290, 1.3231, 1.3187 and 1.3125. Here, the cancellation of the downward structure from December 8 is expected after the breakdown of 1.3440. In this case, the potential target is 1.3520. Up to this level, we expect the formation of the expressed initial conditions for the upward cycle. Continued downward movement is expected after passing the price of the noise range of 1.3315 - 1.3290. In this case, the target is 1.3231. The breakdown of this level will allow us to count on the movement towards the level of 1.3187. Near this level, we expect the consolidation of the price. The potential value for the bottom is the level of 1.3125, upon reaching which we expect a rollback to the top.
The main trend is a local downward structure from December 8, a stage of deep correction.
Trading recommendations:
Buy: 1.3440 Take profit: 1.3520
Buy: Take profit:
Sell: 1.3290 Take profit: 1.3235
Sell: 1.3228 Take profit: 1.3190
For the USD / CHF pair, the key levels on the scale of H1 are: 0.9917, 0.9891, 0.9865, 0.9831, 0.9805, 0.9774 and 0.9755. Here, we follow the downward structure of December 8. Short-term downward movement is possible in the area of 0.9831 - 0.9805. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9774. The potential value for the bottom is the level of 0.9755, upon reaching which we expect the departure to correction.
Short-term upward movement is possible in the area of 0.9865 - 0.9891. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9917. This level is the key support for the downward structure.
The main trend is the downward structure of December 8.
Trading recommendations:
Buy: 0.9865 Take profit: 0.9890
Buy: 0.9894 Take profit: 0.9915
Sell: 0.9830 Take profit: 0.9810
Sell: 0.9803 Take profit: 0.9776
For the USD / JPY pair, the key levels on a scale are: 114.21, 113.79, 113.26, 112.93, 112.45, 111.98, 111.47 and 111.12. Here, we follow the formation of a downward structure from December 12. The continuation of the downward movement is expected after the breakdown of 112.45. Here, the target is 111.98. Near this level is the consolidation of the price. The breakdown of 111.95 should be accompanied by a pronounced movement towards the level of 111.47. The potential value for the bottom is the level of 111.12. After reaching this level, we expect a rollback upward.
Short-term upward movement is possible in the area of 112.93 - 113.26. The breakdown of the last value will lead to the formation of a local upward structure. Here, the target is 113.79. The potential value for the top is level 114.21.
The main trend is the formation of a downward structure from December 12.
Trading recommendations:
Buy: 112.95 Take profit: 113.24
Buy: 113.28 Take profit: 113.75
Sell: 112.45 Take profit: 112.05
Sell: 111.95 Take profit: 111.50
For the CAD / USD pair, the key levels on the H1 scale are: 1.3053, 1.2988, 1.2939, 1.2878, 1.2806, 1.2767 and 1.2716. Here, we continue to follow the upward structure of December 5. Continued upward movement is expected after the breakdown of 1.2878. In this case, the target is 1.2939. In the area of 1.2939 - 1.2988 is the consolidation of the price. The potential value for the top is the level of 1.3053, after which we expect a pullback downwards.
Short-term downward movement is possible in the area of 1.2806 - 1.2767. The breakdown of the latter value will lead to in-depth movement. Here, the target is 1.2716. This level is the key support for the top.
The main trend is the formation of the upward structure of December 5.
Trading recommendations:
Buy: 1.2878 Take profit: 1.2936
Buy: 1.2942 Take profit: 1.2986
Sell: 1.2804 Take profit: 1.2770
Sell: 1.2765 Take profit: 1.2718
For the AUD / USD pair, the key levels on the scale of H1 are: 0.7741, 0.7704, 0.7687, 0.7644, 0.7627, 0.7608 and 0.7579. Here, we follow the upward cycle of December 8. Short-term upward movement is expected in the area of 0.7687 - 0.7704. The breakdown of the last value will lead to a movement towards the potential target of 0.7741. After reaching this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 0.7644 - 0.7627. The breakdown of the last value will lead to an in-depth correction. Here, the target is 0.7608. This level is the key support for the top. Its breakdown will lead to a downward trend. In this case, the first target is 0.7580.
The main trend is the upward cycle from December 8.
Trading recommendations:
Buy: 0.7687 Take profit: 0.7702
Buy: 0.7706 Take profit: 0.7740
Sell: 0.7642 Take profit: 0.7630
Sell: 0.7625 Take profit: 0.7610
For the EUR / JPY pair, the key levels on the scale of H1 are: 136.34, 135.29, 134.75, 134.01, 133.30, 132.47, 131.98 and 131.19. Here, we continue to monitor the local structure for the top of December 6. Continued upward movement is expected after the breakdown of 134.00. In this case, the target is 134.75. In the area of 134.75 - 135.29 is the consolidation of the price. The potential value for the top is the level of 136.34. The movement towards this level is expected after the breakdown at 135.30.
Correction is possible after the breakdown of 133.07. Here, the target is 132.47. The range of 132.47 - 131.98 is the key support for the top. Passing this price will lead to the development of a downward trend in the scale of H1. In this case, the target is 131.19.
The main trend is the local structure for the top of December 6.
Trading recommendations:
Buy: 134.05 Take profit: 134.75
Buy: 135.35 Take profit: 136.32
Sell: 133.05 Take profit: 132.50
Sell: 131.95 Take profit: 131.40
For the GBP / JPY pair, the key levels on the H1 scale are: 156.00, 155.23, 153.98, 153.02, 151.66, 150.88 and 149.71. Here, the price forms a local structure for the top of December 6 and is currently in the corrective zone. Short-term upward movement is possible in the range of 153.02 - 153.98. The breakdown of the last value will lead to a movement towards the level of 155.23. The potential value for the top is, for the time being, the level of 156.00. After reaching this level, we expect consolidation in the area of 155.23 - 156.00.
Short-term downward movement is possible in the area of 151.66 - 150.88. The breakdown of the last value will lead to the formation of a downward structure. Here, the potential target is 149.71.
The main trend is the upward cycle of November 28, the local structure of December 6.
Trading recommendations:
Buy: 153.05 Take profit: 153.95
Buy: 154.00 Take profit: 155.20
Sell: Take profit:
Sell: 150.85 Take profit: 149.75
