Outlook on December 15:
Analytical overview of major pairs on the H1 scale:
The key levels for the euro/dollar pair are 1.2262, 1.2234, 1.2196, 1.2167, 1.2135, 1.2110 and 1.2059. The price here forms a potential local trend for the December 9 high. In this regard, short-term growth is expected in the range of 1.2167 - 1.2196. If the last value breaks down, it will lead to a strong upward movement. Here, the target is 1.2234. On the other hand, the level of 1.2262 is considered as a potential upward target. Upon reaching which, consolidation as well as a downward pullback are expected.
Short-term decline, in turn, is possible in the range of 1.2135 - 1.2110. The breakdown of the last value here will favor the development of a downward trend. In this case, the target is 1.2059.
The main trend is the local upward trend of December 9
Trading recommendations:
Buy: 1.2168 Take profit: 1.2195
Buy: 1.2197 Take profit: 1.2234
Sell: 1.2135 Take profit: 1.2112
Sell: 1.2108 Take profit: 1.2060
The key levels for the pound/dollar pair are 1.3600, 1.3534, 1.3447. 1.3418, 1.3302, 1.3250, 1.3217 and 1.3135. Here, the formation of the upward trend from December 11 is being followed. Now, we expect the upward movement to continue after the price passes the noise range of 1.3418 - 1.3447. In this case, the target is 1.3534. On the other hand, we consider the level of 1.3600 as a potential upward target. Upon reaching which, price consolidation and downward pullback are expected.
Meanwhile, short-term decline is possible in the range of 1.3302 - 1.3250. The key support for the upward trend is the range of 1.3250 - 1.3217 and the price overcoming this range will lead to the development of a downward trend. In this case, the potential target is 1.3135.
The main trend is the formation of upward initial conditions from December 11
Trading recommendations:
Buy: 1.3447 Take profit: 1.3534
Buy: 1.3536 Take profit: 1.3600
Sell: 1.3300 Take profit: 1.3250
Sell: 1.3215 Take profit: 1.3137
The key levels for the dollar/franc pair are 0.8963, 0.8928, 0.8901, 0.8868, 0.8849, 0.8804 and 0.8772. The development of the downward trend from November 30 is monitored here. Therefore, we expect the decline to continue after the price overcomes the noise range of 0.8868 - 0.8849. In this case, the target is 0.8804. For the potential target on the downside, we consider the level of 0.8772. Upon reaching which, price consolidation and upward pullback can be expected.
On the other hand, short-term increase is possible in the range of 0.8901 - 0.8928. If the last value breaks down, a deep correction will occur. Here, the target is 0.8963, which is the key support level for the local downward trend from November 30.
The main trend is the local downward trend of November 30
Trading recommendations:
Buy : 0.8901 Take profit: 0.8927
Buy : 0.8929 Take profit: 0.8961
Sell: 0.8848 Take profit: 0.8805
Sell: 0.8803 Take profit: 0.8773
The key levels for the dollar/yen are 104.84, 104.60, 104.31, 103.91, 103.70, 103.43 and 103.26. Here, the price forms a local potential trend for the low from December 10. In view of this, the downward movement is expected to continue after the level of 103.91 breaks down. In this case, the target is 103.70. There is consolidation near this level. Now, if the target breaks down, it will lead to the development of a strong decline. In this case, the target is 103.43. As a potential downward value, we consider the level 103.26. Price consolidation and upward pullback are expected after this level is reached.
The key resistance level is 104.31 for the continuation of the upward trend. The breakdown of this level will lead the pair to their first potential target - 104.60. If this level breaks down, it will lead us to the next target of 104.84. Price consolidation is near this level.
The main trend is the local potential trend for the low of December 10
Trading recommendations:
Buy: 104.31 Take profit: 104.58
Buy : 104.61 Take profit: 104.84
Sell: 103.90 Take profit: 103.72
Sell: 103.68 Take profit: 103.45
The key levels for the USD/CAD pair are 1.2831, 1.2784, 1.2753, 1.2700, 1.2660, 1.2610 and 1.2576. The price forms a local potential trend for the low from December 9. Now, a short-term downward movement is expected in the range of 1.2700 - 1.2660. If the last value breaks down, it will lead to a strong decline. Here, the target is 1.2610. On the other hand, price consolidation is in the range of 1.2610 - 1.2576, from which an upward pullback is expected.
In turn, short-term upward movement is possible in the range of 1.2753 - 1.2784, breaking through the last value will favor the development of an upward trend. In this case, the first target is 1.2831.
The main trend is the local downward trend from December 9
Trading recommendations:
Buy: 1.2753 Take profit: 1.2783
Buy : 1.2785 Take profit: 1.2830
Sell: 1.2700 Take profit: 1.2661
Sell: 1.2659 Take profit: 1.2610
The key levels for the AUD/USD pair are 0.7654, 0.7624, 0.7587, 0.7569, 0.7517 and 0.7488. Here, we are following the development of the upward trend from December 7. Accordingly, the upward movement is expected to continue after the price passes the noise range of 0.7569 - 0.7587. In this case, the target is 0.7624. For the potential upward target, we consider the level of 0.7654. Upon reaching which, price consolidation and downward pullback are expected.
On the other hand, short-term downward movement is expected in the range of 0.7517 - 0.7488; hence, an upward reversal is very likely. If the last level breaks down, it will encourage the formation of a potential downward trend. In this case, the targets are not defined.
The main trend is the local upward trend of December 7, correction stage
Trading recommendations:
Buy: 0.7588 Take profit: 0.7624
Buy: 0.7625 Take profit: 0.7653
Sell : Take profit :
Sell: 0.7515 Take profit: 0.7488
The key levels for the euro/yen pair are 127.66, 127.42, 127.03, 126.74, 126.19, 125.95 and 125.75. The price here is in equilibrium state. In this regard, a short-term growth is expected in the range of 126.74 - 127.03. The breakdown of the last value will lead the price to the next level of 127.42. For the potential upward target, we consider the level of 127.66. Upon reaching which, a downward pullback is expected.
Short-term decline is expected in the range of 126.19 - 125.95. If the last value breaks down, it will lead to the cancellation of the upward trend from December 9. In this case, the first target is 125.75.
The main trend is the local upward trend of December 9
Trading recommendations:
Buy: 126.75 Take profit: 127.03
Buy: 127.05 Take profit: 127.42
Sell: 126.19 Take profit: 125.96
Sell: 125.94 Take profit: 125.75
The key levels for the pound/yen pair are 141.18, 140.63, 139.74, 139.05, 138.38, 138.06 and 137.55. Here, the price is forming a potential for the upward trend of December 11. Now, the upward movement is expected to continue after breaking through the level of 139.05. In this case, the target is 139.74 and price consolidation is near this level. If the first target breaks down, it will lead to the development of a strong growth. In this case, the next target is 140.63. On the other hand, we consider the level 141.18 as a potential upward target. Price consolidation, as well as downward pullback are expected after reaching this level.
Short-term decline, in turn, is possible in the range of 138.38 - 138.06. If the last value breaks down, a deep correction will occur. Here, the target is 137.55, which is the key support level above.
The main trend is the formation of initial conditions for the top of December 11
Trading recommendations:
Buy: 139.05 Take profit: 139.72
Buy: 139.76 Take profit: 140.60
Sell: 138.38 Take profit: 138.07
Sell: 138.04 Take profit: 137.56
