Dear colleagues.
For the EUR / USD pair, the continuation of the upward movement is expected after the breakdown of 1.1898. For the GBP / USD pair, the price entered the equilibrium state. Up until the level of 1.3464, we expect the appearance of a pronounced structure for the top. For the USD / CHF pair, the continuation of the downward movement is expected after the breakdown of 0.9830. For the USD / JPY pair, the level of 113.26 is the key support for the downward cycle from December 12. For the EUR / JPY pair, we have expanded the potential for the top to the level of 135.54. For the GBP / JPY pair, the continuation of the development of the upward structure from December 15 is expected after passing the price of the noise range of 151.89 - 152.10.
Forecast for December 21:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key levels on the scale of H1 are: 1.1982, 1.1944, 1.1897, 1.1849, 1.1817, 1.1796 and 1.1765. Here, the continuation of the development of the upward cycle from December 12 is expected after the breakdown of 1.1897. In this case, the target is 1.1944. Near this level is the consolidation of the price. The potential value for the top is the level of 1.1982, upon reaching which we expect a pullback downwards.
We expect the correction to continue after the breakdown at 1.1849. Here, the target is 1.1817. Short-term downward movement is possible in the area of 1.1817 - 1.1796. The breakdown of the latter value will lead to the development of the downward movement. In this case, the first target is 1.1765.
The main trend is the upward structure of December 12.
Trading recommendations:
Buy: 1.1898 Take profit: 1.1942
Buy: 1.1946 Take profit: 1.1980
Sell: 1.1846 Take profit: 1.1820
Sell: 1.1815 Take profit: 1.1798
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 a downward structure from December 14. At the moment, the price is in correction. The continuation of the movement downwards 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. In the area of 0.9856 - 0.9831, we expect consolidated movement. 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.
The range of 0.9891 - 0.9917 is the key support for the bottom. Passing this 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 of December 8.
Trading recommendations:
Buy: 0.9891 Take profit: 0.9915
Buy: 0.9925 Take profit: 0.9950
Sell: 0.9830 Take profit: 0.9807
Sell: 0.9803 Take profit: 0.9776
For the USD / JPY pair, the key levels on a scale are: 114.53, 114.14, 113.86, 113.47, 113.07, 112.80 and 112.41. Here, the continuation of the development of the upward structure from December 15 is expected after the breakdown of 113.47. In this case, the target is 113.86. In the area of 113.86 - 114.14 is the consolidation of the price. The potential value for the top is the level of 114.53, upon reaching which, we expect a pullback downwards.
Short-term downward movement is possible in the area of 113.07 - 112.80. The breakdown of the last value will lead to in-depth correction. Here, the target is 112.41. This level is the key support for the top.
The main trend is the upward structure of December 15.
Trading recommendations:
Buy: 113.48 Take profit: 113.84
Buy: 114.16 Take profit: 114.50
Sell: 113.05 Take profit: 112.82
Sell: 112.78 Take profit: 112.45
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 which 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 of EUR / JPY pair, the key levels on the scale of H1 are: 135.54, 135.00, 134.79, 134.40, 134.21, 133.89 and 133.44. Here, we continue the development of the upward structure from December 15 is expected after passing the price of the noise range of 134.79 - 135.00. In this case, the potential target is 135.54. Upon reaching this level, we expect a pullback downwards.
Short-term downward movement is possible in the area of 134.40 - 134.21. The breakdown of the last value will lead to in-depth correction. Here, the target is 133.90. This level is the key support for the top. Its breakdown will lead to a downward structure. In this case, the potential target is 133.44.
The main trend is the upward cycle of December 15.
Trading recommendations:
Buy: 135.05 Take profit: 135.50
Buy: Take profit:
Sell: 134.20 Take profit: 133.95
Sell: 133.85 Take profit: 133.50
For the GBP / JPY pair, the key levels on the H1 scale are: 153.05, 152.50, 152.10, 151.89, 151.30, 151.03, 150.67 and 150.02. Here, we follow the upward structure of December 15. The continuation of the upward movement is expected after passing this price of the noise range of 151.89 - 152.10. In this case, the target is 152.50. The potential value for the top is the level 153.05, upon reaching of which we expect the departure towards correction.
Short-term downward movement is possible in the area of 151.30 - 151.03. The breakdown of the last value will lead to in-depth movement. Here, the target is 150.67. This level is the key support for the top.
The main trend is the upward structure from December 15, the correction stage.
Trading recommendations:
Buy: 152.10 Take profit: 152.50
Buy: 152.53 Take profit: 153.00
Sell: 151.30 Take profit: 151.05
Sell: 151.00 Take profit: 150.70
