Dear colleagues.
For the EUR / USD pair, the situation is in an equilibrium state. The development of the upward structure is expected after the breakdown of 1.1823 and the continuation of the downward movement is expected after 1.1730. For the GBP / USD pair, the price is in the initial conditions for the bottom of December 14. For the USD / CHF pair continues to move downwards after the breakdown of 0.9830. For the USD / JPY pair, the price forms a downward structure from December 12 and is currently in the zone of initial conditions. For the EUR / JPY pair, we follow the downward structure of December 11. For the GBP / JPY pair, the price is in the correction area from the downward structure on December 14.
Forecast for December 19:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1967, 1.1912, 1.1854, 1.1823, 1.1730, 1.1697, 1.1673 and 1.1643. Here, the situation is in an equilibrium state. Continued downward movement is expected after the breakdown of 1.1730. In this case, the target is 1.1697. In the area of 1.1697 - 1.1673 is the consolidation of the price. The potential value for the bottom is the level of 1.1643, upon reaching which we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.1823-1.1854. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 1.1912. Near this level is the consolidation of the price. The potential value for the upward movement is the level of 1.1967.
The main trend is the equilibrium situation.
Trading recommendations:
Buy: 1.1825 Take profit: 1.1854
Buy: 1.1856 Take profit: 1.1910
Sell: 1.1730 Take profit: 1.1700
Sell: 1.1670 Take profit: 1.1645
For the GBP / USD pair, the key H1 scale levels are: 1.3464, 1.3398, 1.3362, 1.3290, 1.3238, 1.3176 and 1.3133. Here, we continue to monitor the formation of the downward structure of December 14. The continuation of the downward movement is expected after the breakdown of 1.3290. In this case, the target is 1.3238. Near this level is the consolidation of the price. A breakdown at 1.3235 will lead to the development of a pronounced movement. Here, the target is 1.3176. The potential value for the bottom is the level of 1.3133, upon reaching which we expect a rollback to the top.
Short-term upward movement is possible in the area of 1.3362 - 1.3395. The breakdown at 1.3400 will lead to the development of an upward structure. In this case, the target is 1.3460.
The main trend is the formation of a downward structure from December 14.
Trading recommendations:
Buy: 1.3362 Take profit: 1.3395
Buy: 1.3400 Take profit: 1.3460
Sell: 1.3290 Take profit: 1.3240
Sell: 1.3235 Take profit: 1.3180
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 continue to follow the downward structure of December 8. Continued downward movement is expected after the breakdown of 0.9855. In this case, the first target is 0.9831. In this area is the consolidation of the price. 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 towards correction.
The range of 0.9891 - 0.9917 is the key support for the bottom. Passing the price will lead to the development of an upward trend. In this case, the potential target is 0.9977.
The main trend is the downward structure from December 8, the stage of deep correction.
Trading recommendations:
Buy: 0.9891 Take profit: 0.9915
Buy: 0.9925 Take profit: 0.9950
Sell: 0.9855 Take profit: 0.9835
Sell: 0.9830 Take profit: 0.9810
For the USD / JPY pair, the key levels on a scale are: 113.26, 112.79, 112.51, 111.98, 111.47, 111.12 and 110.69. Here, we follow the formation of a downward structure from December 12. Continued downward movement is expected after the breakdown of 111.98. In this case, the target is 111.47. In the area of 111.47 - 111.12 is a short-term downward movement. The potential value for the bottom is the level of 110.69, upon reaching which we expect a rollback to the top.
Short-term upward movement is possible in the area of 112.51 - 112.79. The breakdown of the last value will lead to in-depth correction. Here, the target is 113.26. Up to this level, we expect the formation of pronounced initial conditions for the top.
The main trend is the formation of a downward structure from December 12.
Trading recommendations:
Buy: 112.51 Take profit: 112.76
Buy: 112.82 Take profit: 113.22
Sell: 111.95 Take profit: 111.50
Sell: 111.45 Take profit: 111.20
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. At the moment, the price has issued a local structure on December 14. 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 1.2767 - 1.2716. The breakdown of the latter value will lead to the development of a downward structure. In this case, the target is 1.2627.
The main trend is the formation of an upward structure from December 5, the correction stage.
Trading recommendations:
Buy: 1.2878 Take profit: 1.2936
Buy: 1.2942 Take profit: 1.2986
Sell: 1.2765 Take profit: 1.2718
Sell: 1.2715 Take profit: 1.2737
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 continue to 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. Upon 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 in-depth correction. Here, the target is 0.7608. This level is the key support for the top. Its breakdown will lead to the development of 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, the key levels on the scale of H1 are: 133.27, 132.95, 132.64, 132.08, 131.80, 131.43 and 131.22. Here, we follow the downward structure of December 11. Short-term downward movement is expected in the area of 132.08 - 131.80. The breakdown of the last value will lead to movement towards the level of 131.43. The potential value for the bottom is the level of 131.22, upon reaching which we expect a rollback to the top.
Short-term upward movement is possible in the area of 132.64 - 132.95. The breakdown of the last value will lead to in-depth correction. Here, the target is 133.27. This level is the key support for the bottom.
The main trend is the downward structure of December 11.
Trading recommendations:
Buy: 132.64 Take profit: 132.95
Buy: 133.00 Take profit: 133.25
Sell: 132.06 Take profit: 131.84
Sell: 131.76 Take profit: 131.45
For the GBP / JPY pair, the key levels on the scale of H1 are: 151.88, 150.88, 150.35, 149.27, 148.74, 147.47 and 146.81. Here, we follow the local top-down structure of December 14. Short-term downward movement is expected in the area of 149.27 - 148.74. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 147.47. The potential value for the bottom is the level of 146.81, upon reaching which we expect a rollback to the top.
Short-term upward movement is possible in the area of 150.35 - 150.88. The breakdown of the latter value will lead to the development of an upward structure. In this case, the potential target is 151.88.
The main trend is the local structure for the bottom of December 14.
Trading recommendations:
Buy: 150.35 Take profit: 150.85
Buy: 150.95 Take profit: 151.85
Sell: 149.25 Take profit: 148.80
Sell: 148.70 Take profit: 147.55
