rfxsignals December 25, 2019 No Comments

Forex Technical Analysis & Forecast 25.12.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

25.12.2019

EURUSD, “Euro vs US Dollar”

EURUSD is consolidating around 1.1094. After the market opening, the pair may continue growing towards 1.1100; and that’s just a half of the second impulse. Later, the price is expected to continue moving upwards with the short-term target at 1.1133.

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 has completed the second ascending impulse at 1.2965. After the market opening, the pair is expected to form a new descending structure towards 1.2939 and then start another growth to reach 1.2975. Later, the market may resume trading downwards with the target at 1.2860.

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 is consolidating close to the downside border. If the price breaks 0.9800 and forms a continuation pattern, the instrument may continue trading inside the downtrend with the target at 0.9782.

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 still consolidating around 109.42 without any particular direction; right now, it is correcting inside Flag pattern with the target at 109.14. After that, the instrument may form one more ascending structure to reach to 109.84.

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 is still growing with the target at 0.6944, at least. Later, the market may form a new descending structure to break 0.6892 and then resume moving downwards with the first target at 0.6857.

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 another downside target at 61.90. After the market opening, the pair is expected to start a new growth towards 62.12 and then resume trading inside the downtrend with the target at 61.63.

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 consolidating around 1.3159. If later, the price breaks this range to the upside at 1.3170, the market may form one more ascending structure with the target at 1.3182; if to the downside at 1.3155 – resume falling to reach 1.3133.

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 expended the range up to 1498.80. After the market opening, the pair is expected to form a new descending structure to break 1488.68 and then continue trading inside the downtrend with the first target at 1477.33.

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

BRENT

Brent has broken 66.36 upwards; right now, it is still forming the third ascending wave. After the market opening, the pair is expected to reach 67.00 and then form a new descending structure towards 66.33. After that, the market may resume trading upwards with the target at 67.22.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD has rebounded from 7350.00 downwards. The main scenario implies that the pair may fall towards 6999.00 and then resume growing to return to 7350.00, thus forming a new consolidation range. If later, the price breaks this range to the upside, the market may form one more ascending structure with the target at 8200.00; if to the downside – resume trading inside the downtrend to reach 6800.00.

BTCUSD