daily-free-forex-signals-for-23-06-2020
rfxsignals December 24, 2020 No Comments

Forex Technical Analysis & Forecast 24.12.2020

24.12.2020

EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.2184. Possibly, today the pair may expand this range up to 1.2230 and then fall to return to 1.2184. If later the price breaks this range to the upside, the market may start another growth towards 1.2330; if to the downside – resume trading downwards with the target at 1.2130.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still moving upwards to reach 1.3614 Later, the market may correct towards 1.3464 and then form one more ascending structure with the target at 1.3723.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating above 75.00. Today, the pair may break the range to the downside and reach 73.94. After that, the instrument may start another decline with the target at 74.90.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 103.52 without any particular direction. Possibly, the pair may expand the range up to 103.77. If later the price breaks 103.30 to the downside, the market may start another decline to break 103.00 and then continue trading downwards with the target at 102.50.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is forming a new consolidation range around 0.8870. Possibly, the pair may expand the range down to 0.8830 and then start another growth to test 0.8860 from below. Later, the market may resume trading downwards with the target at 0.8811.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating above 0.7568. If later the price breaks this range to the upside, the market form one more ascending structure to reach 0.7636; if to the downside – resume trading downwards to break 0.7490 and then continue falling with the target at 0.7373.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

After breaking 50.69, Brent is still growing towards 52.30. Today, the asset may reach this level and then fall to return to 50.70, thus forming a wide consolidation range around this level. If later the price breaks this range to the upside, the market form one more ascending structure to reach 55.50; if to the downside – start a new correction with the target at 48.50.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

After finishing the ascending wave at 1875.00, Gold is expected to resume falling and reach 1853.90. After that, the instrument may start another growth with the target at 1881.00.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is still consolidating around 23000.00. Possibly, today the asset may fall to reach 21700.00 and then return to test 23000.00 from below. Later, the market may resume trading downwards with the target at 20700.00.

BTCUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

The S&P index is still consolidating above 3671.0. Today, the asset may reach 3704.0 and then fall to test 3671.0 from above. Later, the market may form one more ascending structure with the target at 3735.5.

S&P500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future