Forecast for December 12 :
Analytical review of currency pairs on the scale of H1:
For the euro / dollar pair, the key levels on the H1 scale are: 1.1198, 1.1170, 1.1144, 1.1114, 1.1096, 1.1065 and 1.1024. Here, we are following the development of the upward cycle of November 29. The continuation of the movement to the top is expected after the breakdown of the level of 1.1144. In this case, the target is 1.1170. Price consolidation is near this level. For the potential value for the top, we consider the level of 1.1198. Upon reaching this value, we expect a rollback to the correction.
Short-term downward movement is expected in the range 1.1114 - 1.1096. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 1.1065. This level is a key support for the upward structure.
The main trend is the upward structure of November 29
Trading recommendations:
Buy: 1.1145 Take profit: 1.1170
Buy: 1.1172 Take profit: 1.1196
Sell: 1.1114 Take profit: 1.1097
Sell: 1.1094 Take profit: 1.1066
For the pound / dollar pair, the key levels on the H1 scale are: 1.3290, 1.3249, 1.3217, 1.3172, 1.3146, 1.3102, 1.3075 and 1.3025. Here, the price forms a local potential for the top of December 11. Short-term upward movement is expected in the range of 1.3217 - 1.3249. The breakdown of the last value will lead to a movement to a potential value - 1.3290. Price consolidation is near this level.
A short-term downward movement is possibly in the range of 1.3172 - 1.3146. The breakdown of the last value will lead to a long correction. Here, the target is 1.3102. The range 1.3102 - 1.3075 is a key support for the upward trend and its passage in price will lead to the development of a downward structure. In this case, the first potential target is 1.3025.
The main trend is the upward cycle of November 27, the local structure of December 11
Trading recommendations:
Buy: 1.3217 Take profit: 1.3247
Buy: 1.3250 Take profit: 1.3290
Sell: 1.3172 Take profit: 1.3147
Sell: 1.3144 Take profit: 1.3104
For the dollar / franc pair, the key levels on the H1 scale are: 0.9915, 0.9884, 0.9864, 0.9820, 0.9789 and 0.9745. Here, we are following the development of the downward structure of November 29. The continuation of movement to the bottom is expected after the breakdown of the level of 0.9820. In this case, the target is 0.9789. Price consolidation is near this level. The breakdown of the level of 0.9789 should be accompanied by a pronounced downward movement. In this case, the potential target is 0.9745. We expect a rollback to correction from this level.
Short-term upward movement is possibly in the range of 0.9864 - 0.9884. The breakdown of the latter value will lead to in-depth movement. Here, the target is 0.9915. This level is a key support for the downward structure of November 29.
The main trend is the downward structure of November 29
Trading recommendations:
Buy : 0.9864 Take profit: 0.9883
Buy : 0.9885 Take profit: 0.9913
Sell: 0.9820 Take profit: 0.9791
Sell: 0.9787 Take profit: 0.9745
For the dollar / yen pair, the key levels on the scale are : 109.31, 109.06, 108.85, 108.58, 108.31, 108.10, 107.80 and 107.62. Here, we are following the descending structure of December 2. Short-term movement to the bottom is possibly in the range 108.31 - 108.10. The breakdown of the last value will lead to a pronounced movement. Here, the goal is 107.80. For the potential value for the bottom, we consider the level of 107.62. Upon reaching which, we expect consolidation, as well as a rollback to the top.
Short-term upward movement is expected in the range 108.85 - 109.06. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 109.31. This level is a key support for the downward structure.
Main trend: descending structure of December 2
Trading recommendations:
Buy: 108.85 Take profit: 109.04
Buy : 109.08 Take profit: 109.30
Sell: 108.30 Take profit: 108.12
Sell: 108.08 Take profit: 107.80
For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3256, 1.3217, 1.3196, 1.3146, 1.3118 and 1.3094. Here, the price has canceled the formation of the upward potential and at the moment, we are setting targets for the downward trend from the long-term structure on December 3. The continuation of movement to the bottom is expected after the breakdown of the level of 1.3146. Here, the target is 1.3118. Price consolidation is near this level. For the potential value for the bottom, we consider the level of 1.3094. Upon reaching which, we expect a consolidated movement.
Short-term upward movement is possibly in the range of 1.3196 - 1.3217. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.3256. We expect the expressed initial conditions to formulate for the upward cycle up to this level.
The main trend is the long-term descending structure of December 3
Trading recommendations:
Buy: 1.3196 Take profit: 1.3215
Buy : 1.3218 Take profit: 1.3252
Sell: 1.3145 Take profit: 1.3119
Sell: 1.3116 Take profit: 1.3095
For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6980, 0.6957, 0.6922, 0.6894, 0.6858, 0.6843, 0.6820 and 0.6797. Here, the subsequent goals for the top we determine from the local structure on December 10. The continuation of the movement to the top is expected after the breakdown of the level of 0.6894. In this case, the target is 0.6922. Price consolidation is near this level. The breakdown of the level of 0.6922 should be accompanied by a pronounced upward movement. Here, the target is 0.6957. We consider the level of 0.6980 to be a potential value for the upward trend, and upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is expected in the range of 0.6858 - 0.6843. The breakdown of the last value will lead to an in-depth correction. Here, the target is 0.6820. This level is a key support for the upward structure. Its breakdown will allow you to count on movement to the first potential target - 0.6797.
The main trend is the local structure for the top of December 10
Trading recommendations:
Buy: 0.6895 Take profit: 0.6920
Buy: 0.6924 Take profit: 0.6955
Sell : 0.6858 Take profit : 0.6844
Sell: 0.6841 Take profit: 0.6822
For the euro / yen pair, the key levels on the H1 scale are: 121.45, 121.25, 120.98, 120.76, 120.35, 120.17, 119.93 and 119.66. Here, we are following the development of the ascendant structure of December 9. Short-term upward movement is expected after the breakdown of the level of 120.76. In this case, the target is 120.98. Price consolidation is near this level. The breakdown of the level of 121.00 should be accompanied by a pronounced upward movement. Here, the goal is 121.25. For the potential value for the top, we consider the level of 121.45. Upon reaching which, we expect a rollback to the correction.
Corrective movement is possibly in the range of 120.35 - 120.17. The breakdown of the last value will have the downward development of December 5, and in this case, the first goal is 119.93. For the potential value for the bottom, we consider the level of 119.66.
The main trend is the upward structure of December 9
Trading recommendations:
Buy: 120.76 Take profit: 120.96
Buy: 121.00 Take profit: 121.25
Sell: 120.35 Take profit: 120.20
Sell: 120.15 Take profit: 119.95
For the pound / yen pair, the key levels on the H1 scale are : 144.56, 144.06, 143.45, 143.09, 142.50, 142.06 and 141.51. Here, we are following the ascending structure of December 4. Short-term movement to the top is expected in the range of 143.09 - 143.45. The breakdown of the last value will lead to a pronounced movement. Here, the goal is 144.06. For the potential value for the top, we consider the level of 144.56. Upon reaching this value, we expect consolidation, as well as a pullback to the bottom.
Short-term downward movement is possibly in the range of 142.50 - 142.06. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 141.51. This level is a key support for the top.
The main trend is the local ascending structure of December 4
Trading recommendations:
Buy: 143.10 Take profit: 143.44
Buy: 143.50 Take profit: 144.06
Sell: 142.50 Take profit: 142.10
Sell: 142.04 Take profit: 141.54
