Outlook on December 21:
Analytical overview of major pairs on the H1 TF:
The key levels for the euro/dollar pair are 1.2272, 1.2246, 1.2221, 1.2161, 1.2130, 1.2090 and 1.2061. The price here forms the potential for the downward trend of December 17. Now, short-term decline is expected in the range of 1.2161 - 1.2130. If the last value breaks down, it will lead to a strong decline. Here, the target is 1.2090. For the potential downward target, the level of 1.2061 is considered. Upon reaching which, an upward pullback is expected.
Short-term growth, in turn, is possible in the range of 1.2221 - 1.2246. If the last value breaks down, it will encourage the formation of an upward trend. Here, the potential target is 1.2272.
The main trend is the formation of a downward trend from December 17
Trading recommendations:
Buy: 1.2221 Take profit: 1.2244
Buy: 1.2247 Take profit: 1.2272
Sell: 1.2160 Take profit: 1.2132
Sell: 1.2128 Take profit: 1.2090
The key levels for the pound/dollar pair are 1.3416, 1.3356, 1.3314, 1.3255, 1.3222, 1.3153 and 1.3097. Here, we are following the development of the downward trend from December 17. Therefore, we expect the downward movement to continue after the price passes the noise range 1.3255 - 1.3222. In this case, the target is 1.3153. For the potential downward target, we consider the level of 1.3097. Upon reaching which, upward pullback can be expected.
Meanwhile, short-term growth is possible in the range of 1.3314 - 1.3356. If the last value breaks down, a deep correction will occur. The target here is 1.3416, which is the key support level below.
The main trend is the downward trend from December 17
Trading recommendations:
Buy: 1.3314 Take profit: 1.3355
Buy: 1.3357 Take profit: 1.3416
Sell: 1.3222 Take profit: 1.3154
Sell: 1.3151 Take profit: 1.3098
The key levels for the dollar/franc pair are 0.8910, 0.8872, 0.8853, 0.8823, 0.8804, 0.8788, 0.8765 and 0.8752. The downward trend from December 11 is being followed here. With regards to this, we expect the decline to continue after the breakdown of 0.8823. In this case, the target is 0.8804. At the same time, there is a short-term decline and consolidation in the range of 0.8804 - 0.8788. If the last value breaks down, it should be accompanied by a strong decline. The target here is at 0.8765. This can be followed by the potential downward target, which is the level of 0.8752. Price consolidation and upward pullback can be expected after this level is reached.
On the other hand, short-term increase is possible in the range of 0.8853 - 0.8872. In case that the last value breaks down, it will encourage the formation of initial conditions for an upward trend. Here, the potential target is 0.8910.
The main trend is the local downward trend of December 11
Trading recommendations:
Buy: 0.8853 Take profit: 0.8871
Buy: 0.8874 Take profit: 0.8910
Sell: 0.8823 Take profit: 0.8804
Sell: 0.8787 Take profit: 0.8765
The key levels for the dollar/yen are 104.36, 104.17, 103.89, 103.67, 103.44, 103.27, 103.07 and 102.87. The formation of the initial conditions for the upward trend of December 17 is being followed here. In this regard, short-term growth is expected in the range of 103.67 - 103.89. In case that the last value breaks down, it will lead to strong growth. The target here is 104.17. For the potential upward target, the level of 104.36 is considered. Upon reaching which, a downward pullback is expected.
Short-term decline is expected in the range of 103.44 - 103.27. If the last value breaks down, it will lead to a deep correction. Here, the target is 103.07, which is the key support level for the upward trend.
The main trend is the initial upside conditions of December 17
Trading recommendations:
Buy: 103.68 Take profit: 103.87
Buy: 103.91 Take profit: 104.15
Sell: 103.44 Take profit: 103.28
Sell: 103.25 Take profit: 103.08
The key levels for the USD/CAD pair are 1.2980, 1.2955, 1.2914, 1.2884, 1.2846, 1.2823 and 1.2790. Here, we are following the upward trend from December 17. In this case, short-term growth is expected in the range of 1.2884 - 1.2914. If the last value breaks down, it will lead to a strong movement. The target is 1.2955. This will be followed by the potential upward target, which is the level of 1.2980. Upon reaching which, price consolidation and downward pullback can be expected.
Short-term decline, in turn, is possible in the range of 1.2846 - 1.2823. If the last value breaks down, a deep correction will occur. Here, the target is 1.2790.
The main trend is the upward trend of December 17
Trading recommendations:
Buy: 1.2885 Take profit: 1.2912
Buy: 1.2916 Take profit: 1.2955
Sell: 1.2846 Take profit: 1.2824
Sell: 1.2821 Take profit: 1.2790
The key levels for the AUD/USD pair are 0.7583, 0.7563, 0.7548, 0.7523, 0.7502, 0.7490 and 0.7463. The downward trend from December 17 is being followed here. Therefore, we expect the decline to continue after the breakdown of the level of 0.7523. In this case, the target is 0.7502. On the other hand, there is a short-term decline and consolidation in the range of 0.7502 - 0.7490. As a potential downward target, we consider the level 0.7463. An upward pullback can be expected after this level is reached.
Short-term growth is expected in the range of 0.7548 - 0.7563. If the last value breaks down, a deep correction will occur. The target here is 0.7583, which is the key support level for the downward trend.
The main trend is the downward trend from December 17
Trading recommendations:
Buy: 0.7548 Take profit: 0.7561
Buy: 0.7564 Take profit: 0.7583
Sell: 0.7523 Take profit: 0.7502
Sell: 0.7490 Take profit: 0.7464
The key levels for the euro/yen pair are 126.96, 126.68, 126.53, 125.85, 125.61, 125.45 and 125.03. Here, price is forming a potential trend from the downward trend of December 18. Against this background, we expect the decline to continue after breaking through the level of 125.85. In this case, the target is 125.61. Meanwhile, there is a short-term decline and price consolidation in the range of 125.61 - 125.45. In case that the last value breaks down, it will lead to a strong decline. The target here will be 125.03. Price consolidation and upward pullback is near this level.
Now, the range 126.53 - 125.68 is the key support for the downward trend from December 18. If the last value breaks down, it will favor the formation of a potential upward trend. In this case, the target is 126.96.
The main trend is the formation of a potential trend from the downward trend on December 18
Trading recommendations:
Buy: 126.53 Take profit: 126.66
Buy: 126.70 Take profit: 126.95
Sell: 125.85 Take profit: 125.61
Sell: 125.45 Take profit: 125.05
The key levels for the pound/yen pair are 139.10, 138.46, 137.90, 137.23, 136.84, 135.89, 135.20 and 134.28. The downward trend from December 17 is being followed here. Therefore, the downward movement is expected to continue after the price passes the noise range of 137.23 - 136.84. In this case, the target is 135.89. At the same time, there is a short-term decline and price consolidation in the range of 135.89 - 135.20. For the potential downward target, we consider the level 134.28. An upward pullback is expected upon reaching this level.
Short-term growth, in turn, is likely in the range of 137.90 - 138.46. If the last value breaks down, a deep correction will occur. Here, the target is 139.10, which is the key support for the downward trend.
The main trend is the downward trend from December 17
Trading recommendations:
Buy: 137.90 Take profit: 138.44
Buy: 138.50 Take profit: 139.10
Sell: 136.84 Take profit: 135.90
Sell: 135.86 Take profit: 135.20
