Forex Technical Analysis & Forecast 13.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

13.12.2019

EURUSD, “Euro vs US Dollar”

After forming a continuation pattern around 1.1111 and breaking 1.1153, EURUSD has almost reached the short-term upside target at 1.1098. Possibly, today the pair may consolidate around 1.1180 and expand this range both upwards and downwards, 1.1200 and 1.1155 respectively. If later the price breaks this range to the upside, the market may resume moving upwards with the key target at 1.1236 if to the downside – start a new correction to reach 1.1111.

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”

After rebounding from 1.3050 and breaking 1.3225, GBPUSD has almost reached the short-term target of the third ascending wave at 1.3488. Today, the pair may consolidate around this level. If later the price breaks this range to the downside at 1.3420, the market may start a new correction to reach 1.3333; if to the upside at 1.3511 – expand the range towards 1.3539 and then resume moving downwards with the target at 1.3200.

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

USDCHF, “US Dollar vs Swiss Franc”

After reaching the downside target at 0.9808, USDCHF has formed the ascending impulse towards 0.9870; right now, it is consolidating around 0.9845. Possibly, today the pair may expand this range both downwards and upwards, 0.9820 and 0.9880 respectively. If later the price breaks this range to the upside, the market may start another correction with the target at 0.9916; if to the downside – form a new descending structure to reach 0.9777.

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

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has broken 109.00; right now, it is still growing towards 109.77. Today, the pair may reach 109.70 and then start a new correction towards 109.40, at least. After that, the instrument may form one more ascending structure to reach to 109.77.

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

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached the short-term upside target at 0.6916; right now, it is consolidating at the top. Possibly, the pair may fall to reach 0.6878 (at least) and then resume moving upwards with the key upside target at 0.6962.

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

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has reached the short-term downside target at 62.75. Possibly, today the pair may consolidate near the lows. If later the price breaks this range to the downside at 62.60, the market may continue trading inside the downtrend towards 62.22; if to the upside at 62.80 – start a new correction with the target at 63.25 and then resume trading inside the downtrend.

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

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is moving downwards with the target at 1.3140. Today, the pair may reach 1.3147 and then form one more ascending structure towards 1.3200. Later, the market may resume moving downwards to reach the above-mentioned target.

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

XAUUSD, “Gold vs US Dollar”

Gold has completed the ascending wave at 1486.60 along with the descending impulse at 1468.60; right now, it is consolidating around the latter level. The main scenario implies that the price may form a new descending structure towards 1458.20 and then resume moving upwards to return to 1468.60. Later, the market may start another decline with the target at 1444.00.

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

BRENT

Brent has finished the ascending impulse at 65.15; right now, it is correcting downwards to reach 64.30. After that, the market may start a new growth with the short-term target at 65.90.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is without any particular direction. According to the main scenario, the price is expected to fall towards 7000.00 and then resume moving upwards with the target at 7600.00.

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

rfxsignals December 13, 2019 No Comments

The Pound skyrocketed to its highs. Overview for 13.12.2019

The Pound skyrocketed to its highs. Overview for 13.12.2019

13.12.2019

GBPUSD is heading towards the highs of spring of 2018 after preliminary results of the early parliamentary elections were announced.

The British Pound almost reached the highs of May 2018 against the USD. The current quote for the instrument is 1.3410.

According to the preliminary results, the Conservative party got at least 368 out of 650 seats in the early parliamentary elections that took place yesterday. The party hasn’t seen such strong results for a very long time, while for its opponent, the British Labor Party, they are the worst over 40 years.

Now, the British Prime Minister Boris Johnson has to navigate all necessary documents for the Brexit through the renewed Parliament. This convocation of the Parliament is expected to be more suitable for ratifying the agreement with the European Union. In case everything goes the way as it should, the United Kingdom may exit the alliance within the specified time, before the end of January 2020.

Actually, upsurge in the Pound describes the situation perfectly. It’s amazing that Johnson didn’t cave in to the opposition put up earlier in the House of Commons.

In the short-term, investors’ attention will slowly switch to London-Brussels talks on trading conditions.  This week, it was said this week that the parties were very unlikely to have enough time for discussing everything that concerned trade relations and making a deal until the end of January. In this case, the United Kingdom may exit the European Union with a minimum set of trading arrangements. The rest of them will have to be madу off the cuff.

Fibonacci Retracements Analysis 12.12.2019 (AUDUSD, USDCAD)

Fibonacci Retracements Analysis 12.12.2019 (AUDUSD, USDCAD)

12.12.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the convergence made AUDUSD start a new rising wave to reach the high at 0.6929. If the price breaks it, the uptrend will continue towards the long-term target at 50.0% (0.6985).

AUDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The H1 chart shows more detailed structure of the current correctional uptrend, which has already reached 76.0% fibo. Right now, the pair is expected to form a new pullback towards the local support at 50.0% fibo (0.6841).

AUDUSD_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the bearish tendency continues. After completing the pullback towards the resistance at 23.6% fibo (13261), USDCAD is forming another descending impulse. The next downside targets may be 61.8% and 76.0% fibo at 1.3151 and 1.3111 respectively. However, the key target is the low at 1.3042.

USDCAD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The H1 chart shows more detailed structure of the current descending tendency. As we can see, the pair is getting close to the target, which is 61.8% fibo at 1.3151.

USDCAD_H1

Forex Technical Analysis & Forecast 12.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

Forex Technical Analysis & Forecast 12.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

12.12.2019

EURUSD, “Euro vs US Dollar”

EURUSD has chosen an alternative scenario to continue the ascending wave. Possibly, today the pair may grow towards 1.1150 and then start a new correction to reach 1.1111. Later, the market may continue moving upwards with the target at 1.1180.

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 moving upwards. Possibly, the pair may extend the wave towards 1.3252. Today, the price may fall to reach 1.3200 and then start a new growth with the target at 1.3252.

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

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has rebounded from 0.9861 to the downside; right now, it is still falling. Possibly, the pair may reach 0.9804 and then form one more ascending structure to return to 0.9860.

USDCHF
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 forming another descending structure towards 108.27. Possibly, today the pair may reach 108.34 and then start another growth towards 108.57. After that, the instrument may continue moving downwards with the target at 108.27.

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

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has broken 0.6850; right now, it is still growing. Today, the pair may test 0.6868 from above and then resume trading inside the uptrend with the short-term target at 0.6906.

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

USDRUB, “US Dollar vs Russian Ruble”

USDRUB continues forming the downside continuation pattern around 63.60. Possibly, today the pair may fall to reach 63.06 and then start another correction to return to 63.60. Later, the market may form a new descending structure with the short-term target at 62.75.

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

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is moving downwards to reach 1.3140. Later, the market may form one more ascending structure towards 1.3216, thus forming a new consolidation range between these levels. If later the price breaks this range to the downside, the market may resume trading downwards to reach 1.3108; if to the upside – continue the uptrend with the target at 1.3282.

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

XAUUSD, “Gold vs US Dollar”

Gold has completed the ascending structure at 1470.60. Possibly, the pair may form an upside continuation pattern to start a new wave with the target at 1487.27. Today, the price may form a new descending structure to test 1470.60 from above and then and then resume moving upwards to reach the above-mentioned target.

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

BRENT

Brent has completed Flag pattern; right now, it is growing towards 64.88. After that, the market may start a new decline towards 64.12 and then form one more ascending structure with the short-term target at 66.77.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is correcting towards 7000.00. Possibly, the pair may extend this structure down to 6900.00. After that, the instrument may resume moving upwards with the target at 8165.00.

BTCUSD

Japanese Candlesticks Analysis 12.12.2019 (GOLD, NZDUSD)

Japanese Candlesticks Analysis 12.12.2019 (GOLD, NZDUSD)

12.12.2019

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the ascending tendency continues. After completing several reversal patterns, including Inverted Hammer, close to the channel’s downside, XAUUSD is trying to reverse. In this case, the price may form a slight correction and resume growing with the upside target at 1488.88. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may continue falling towards 1455.55.

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

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, the ascending tendency continues. After forming several reversal patterns, including Shooting Star, near the channel’s upside border, NZDUSD is trying to reverse. Later, the market may start a new decline to reach the closest support level at 0.6515. At the same time, one shouldn’t exclude an opposite scenario, according to which the instrument may update its highs and grow towards 0.6610.

NZDUSD

Murrey Math Lines 12.12.2019 (USDCHF, GOLD)

Murrey Math Lines 12.12.2019 (USDCHF, GOLD)

12.12.2019

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is moving below 3/8. In this case, the price is expected to continue falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.

USDCHF_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.

USDCHF_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD is moving above 5/8. In this case, the price may break 7/8 and continue trading upwards to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 6/8 to the downside. After that, the instrument may continue falling towards the support at 5/8.

GOLD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue the ascending tendency.

GOLD_M15

The USD was crashed by the Fed’s stance. Overview for 12.12.2019

The USD was crashed by the Fed’s stance. Overview for 12.12.2019

12.12.2019

The major currency pair reached its five weeks highs influenced by the Fed’s comments after the December meeting.

On Thursday morning, EURUSD is trading close to its five weeks highs. The current quote for the instrument is 1.1138.

The US Fed December meeting, which was over yesterday, offered investors nothing new. The interest rate remained at 1.50-1.75%, the same as expected. However, the comments that followed surprised market players.

The regulator said that the current monetary policy was appropriate and in compliance with its economic purposes. The Fed continues monitoring home affairs and inflation pressure, which is quite reserved. It means that the interest rate wouldn’t be cut unless the regulator witnesses some serious changes in the country’s economy.

It was a pretty unpleasant surprise for the USD because market players were sure that the American economy was strong enough for the rate increase in the nearest future.

The revised forecast from the Fed was a bit worse. For example, inflation is expected to be 1.4-1.5% at the end of 2019 against the previous estimate of 1.5-1.6%.

Later today, investors’ attention will switch to the ECB meeting.

The Pound is waiting for news. Overview for 12.12.2019

The Pound is waiting for news. Overview for 12.12.2019

12.12.2019

GBPUSD continues slowly growing in anticipation of parliamentary elections and completely ignores all other news.

On Thursday afternoon, the British Pound is still slowly rising against the USD. The current quote for the instrument is 1.3213.

Today is the zero hour for the United Kingdom and its currency: early parliamentary elections will take place. The Conservative Party headed by the British Prime Minister Boris Johnson expects to win the majority in the House of Commons, thus securing approximation of the Brexit documents in the future.

However, there is another news relating to Brexit. According to the Independent, the United Kingdom and the European Union may not agree on the trade deal in the next 11 months, thus forcing the “hardcore” Brexit scenario. The article says that British and European policymakers didn’t exclude such possibility during their recent meeting. It was said that the parties were very likely to discuss only the most important and essential aspects, but might not have time for everything. It’s pretty risky for the Pound.

However, the British currency will pay attention to such long-term catalysts only after today’s parliamentary elections are over.

rfxsignals December 12, 2019 No Comments

DAILY FREE FOREX SIGNALS – 12-12-2019 | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호

USDCHF SELL-0.98155
SL-0.98564
TP1-0.97966
TP2-0.97738

GBPUSD SELL-1.32011
SL-1.32543
TP1-1.31783
TP2-1.31535

GBPAUD BUY -1.91756
SL-1.92533
TP1-1.91517
TP2-1.91301

EURAUD SELL-1.61710
SL-1.62293
TP1-1.61482
TP2-1.61207

EURCHF SELL-1.09313
SL-1.09667
TP1-1.09111
TP2-1.08876

CHFJPY BUY -110.659
SL-110.255
TP1-110.872
TP2-111.056

AUDNZD BUY -1.04600
SL-1.04195
TP1-1.04781
TP2-1.04958

EURNZD BUY -1.69252
SL-1.68762
TP1-1.69535
TP2-1.69796

Murrey Math Lines 11.12.2019 (USDJPY, USDCAD)

Murrey Math Lines 11.12.2019 (USDJPY, USDCAD)

11.12.2019

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is consolidating. In this case, the price is expected to break 5/8 and then continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the price rebounds from 5/8 to the downside. After that, the instrument may start a new decline towards the support at 3/8.

USDJPY_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.

USDJPY_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, there has been a false breakout of 5/8. In this case, the pair may fall to reach the support at 3/8. However, this scenario may no longer be valid if the price breaks 5/8 again. After that, the instrument may continue growing towards the resistance at 6/8.

USDCAD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, we can see that the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards to reach 3/8 from the H4 chart.

USDCAD_M15