GBPUSD is rising on Thursday morning in anticipation of the results of the Brexit talks.

The British Pound is trying to keep its positive momentum against the USD. The current quote for the instrument is 1.3553.

Today’s economic calendar is rather poor in reports and numbers due to the Christmas eve in Catholic countries. However, the “weather” in the United Kingdom is pretty hot despite the end of December: The Brexit negotiators were discussing topical issues all night long and don’t seem to stop. In the meantime, the Brexit transition period is just two weeks away.

Last night, the media reported that the parties had reached some results in discussing the trade agreement.

Noteworthy is that London, which had been standing its ground relating to trade border and fishing all autumn, softened its stance by the end of December and said it was ready for a compromise. The only problem is that there is no time left for it.

It became known that there was a possibility to resume talks, at least the part that is left, the next year – this information came from French negotiators, who said that the EU had new requirements for London.

It seems like the Pound won’t have dull moments in the next 24 hours.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, a divergence on MACD made AUDUSD start a new decline, which has already reached 23.6% fibo. However, at the moment the pair is correcting upwards to reach the post-correctional extension area between 138.2% and 161.8% fibo at 0.7574 and 0.7675 respectively, as well as the high at 0.7640. If the asset fails to break the high, the next descending wave will be heading towards 38.2%, 50.0%, and 61.8% fibo at 0.7392, 0.7316, and 0.7239 respectively.

In the H1 chart, the ascending wave has reached 76.0% fibo. If the price breaks the high at 0.7640, AUDUSD may continue growing to enter the post-correctional extension area between 138.2% and 161.8% fibo at 0.7708 and 0.7750 respectively. On the other hand, a breakout of the fractal low at 0.7462 will result in further mid-term descending tendency.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, a convergence on MACD made USDCAD start a new correctional uptrend, which, after quickly reaching 38.2% fibo, was followed by a short-term correction. When the correction is over, the instrument may resume moving upwards to reach 50.0% and 61.8% fibo at 1.3039 and 1.3122. The support is the low at 1.2688.

The H1 chart shows a local correction after a rising impulse, which has already reached 50.0% and may continue in the form of a Triangle pattern. At the same time, one shouldn’t exclude another decline towards 61.8% fibo at 1.2791. If the price breaks the high at 1.2957, the correction will be over and the asset may resume growing.

CADCHF, “Canadian Dollar vs Swiss Franc”

CADCHF is trading at 0.6907; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6915 and then resume moving downwards to reach 0.6835. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.6950. In this case, the pair may continue growing towards 0.7045.

XAUUSD, “Gold vs US Dollar”

XAUUSD is trading at 1876.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 1865.00 and then resume moving upwards to reach 1970.00. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1840.00. In this case, the pair may continue falling towards 1805.00.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2847; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2835 and then resume moving upwards to reach 1.3035. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.2735. In this case, the pair may continue falling towards 1.2645. To confirm further growth, the asset must break the upside border of the Triangle pattern and fix above 1.2925.

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the ascending tendency continues. Right now, after forming several reversal patterns, such as Engulfing and Doji, close to the support area, XAUUSD may reverse and resume growing towards the resistance level. In this case, the upside target will be at 1925.00. At the same time, an opposite scenario implies that the price may start another decline to return to 1850.00 before resuming its growth.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, after finishing the correction within the uptrend and forming a Hammer pattern close to the horizontal support level, NZDUSD is reversing. The upside target remains at the resistance area at 0.7170. However, an alternative scenario implies that the price may start a new pullback towards 0.7050 before resuming the ascending tendency.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, the asset is moving within the uptrend. Right now, after forming several reversal patterns, such as Hammer, not far from the support area, GBPUSD is reversing. The upside target is at 1.3655. After that, the instrument may break the resistance level and continue moving upwards. Still, there might be an alternative scenario, according to which the asset may return to 1.3355 before further growth.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is moving below the 200-day Moving Average, thus indicating a descending tendency; a rebound from 2/8 earlier is another signal in favor of further decline. In this case, the price is expected to continue falling to reach the support at 0/8. Still, this scenario may no longer be valid if the price breaks 2/8 to the upside. After that, the instrument may reverse and correct towards the resistance at 3/8.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue the descending tendency.

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the 200-day Moving Average has been broken, thus reversing the tendency to the upside. In this case, the price is expected to continue growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks the support at 3/8 to the downside. After that, the instrument may continue falling towards 2/8.

In the M15 chart, the price may break the upside line of the VoltyChannel indicator again and, as a result, may continue growing to reach 5/8 from the H4 chart.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

EURUSD, “Euro vs US Dollar”

After completing the descending wave at 1.2152 EURUSD has broken 1.2184 to the upside; right now, it is consolidating around the latter level. Possibly, the pair may break this range to the upside to reach 1.2218 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 1.2050.

GBPUSD, “Great Britain Pound vs US Dollar”

After finishing the descending wave at 1.3308, GBPUSD has broken 1.3370 to the upside; right now, it is still moving upwards. Possibly, today the pair may reach 1.3439 and then fall to return to 1.3370, thus forming a new consolidation range around the latter level. If later the price breaks this range to the upside, the market may form one more ascending structure to reach 1.3544; if to the downside – resume trading downwards with the target at 1.3180.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 75.40. Today, the pair may expand the range up to 76.10 and then form a new descending structure to break 74.50. After that, the instrument may continue trading downwards with the target at 73.20.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 103.51. Possibly, the pair may expand the range up to 103.77 and then fall to break 103.30. After that, the instrument may start another decline to break 103.00 and then continue trading downwards with the target at 102.50.

USDCHF, “US Dollar vs Swiss Franc”

After breaking 0.8880 to the downside, USDCHF is still falling. Possibly, today the pair may reach 0.8855 and then form one more ascending structure to return to 0.8880, thus forming a new consolidation range between two latter levels. If later the price breaks this range to the upside, the market may start another growth to reach 0.8940; if to the downside – resume trading downwards with the target at 0.8840 or even continue falling towards 0.8811.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.7544. 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.

BRENT

After completing another descending structure at 49.50, Brent is expected to grow and test 50.25 from below. Later, the asset may correct with the short-term target at 47.83.

XAUUSD, “Gold vs US Dollar”

After finishing the descending wave at 1863.68, Gold is forming a new consolidation range around this level. Possibly, the pair may start another growth to test 1875.70 from below and then form a new descending structure with the target at 1844.54.

BTCUSD, “Bitcoin vs US Dollar”

After forming a new consolidation range below 23100.00 and breaking it to the upside, BTCUSD has reached the short-term upside target at 23950.00. Possibly, today the asset may return to 23100.00 to test it from above and then resume trading upwards to with the target at 24250.00.

S&P 500

The S&P index is still consolidating above 3670.9. Today, the asset may grow towards 3709.0 and then return to test 3670.9 from above. Later, the market may form one more ascending structure with the target at 3736.2.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is moving below the 200-day Moving Average, thus indicating a possible descending tendency. At the moment, the asset is breaking 1/8 and that’s another signal in favor of further decline towards the support at -1/8. However, this scenario may no longer be valid if the price breaks 1/8 to the upside. After that, the instrument may continue growing to reach the resistance at 3/8.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach -1/8 from the H4 chart.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is moving below the 200-day Moving Average, thus indicating a descending tendency. In this case, the pair is expected to break 3/8 and then continue falling towards the support at 1/8. Still, this scenario may no longer be valid if the price breaks 4/8 to the upside. After that, the instrument may reverse and grow to reach 5/8.

In the M15 chart, the pair may beak the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.