Dear colleagues.
For the Euro / Dollar currency pair, the upward structure of December 14 will continue to develop after the breakdown of 1.1484. For the Pound / Dollar currency pair, we should continue moving upwards after the breakdown of 1.2680. For the currency pair Dollar / Franc, we follow the downward structure of December 17 as the main one. For the currency pair Dollar / Yen, we continue to follow the development of the downward cycle of December 14. For the Euro / Yen currency pair, we expect the downward movement after the breakdown of 127.00, and we consider the upward movement as a correction. For the currency pair Pound / Yen, we have expanded the potential for the downward cycle from December 13 to the level of 139.15.
Forecast for December 21:
Analytical review of H1-scale currency pairs:
For the Euro / Dollar currency pair, the key levels on the H1 scale are 1.1549, 1.1520, 1.1484, 1.1437, 1.1414 and 1.1384. Here, we continue to follow the development of the ascending structure of December 14. An upward movement is expected after the breakdown of 1.1484. In this case, the target is 1.1520 and consolidation is near this level. The potential value for the top is considered the level of 1.1549, upon reaching which we expect a rollback downwards.
The short-term downward movement is possible in the range of 1.1437 - 1.1414 and the breakdown of the latter value will lead to a prolonged correction. Here, the goal is 1.1384 and this level is the key support for the top.
The main trend is the ascending structure of December 14.
Trading recommendations:
Buy 1.1484 Take profit: 1.1518
Buy 1.1522 Take profit: 1.1547
Sell: 1.1435 Take profit: 1.1416
Sell: 1.1412 Take profit: 1.1386
For the Pound / Dollar currency pair, the key levels on the H1 scale are 1.2865, 1.2813, 1.2741, 1.2679, 1.2592, 1.2552, 1.2517, 1.2475 and 1.2417. Here, we continue to follow the formation of the ascending structure of December 11. The continuation of the upward movement is expected after the breakdown of 1.2679. In this case, the goal is 1.2741 and near this level is the price consolidation. The breakdown of the level of 1.2741 should be accompanied by a pronounced upward movement. Here, the target is 1.2813. The potential value for the top is considered the level of 1.2865, upon reaching which we expect consolidation, as well as a rollback to the top.
The short-term downward movement, as well as consolidation, are possible in the range of 1.2592 - 1.2552. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2517 and this level is the key support for the top. Its price will have the formation of the initial conditions for the upward cycle. In this case, the target is 1.2475.
The main trend is the formation of the ascending structure of December 11, the stage of correction.
Trading recommendations:
Buy: 1.2680 Take profit: 1.2740
Buy: 1.2744 Take profit: 1.2813
Sell: 1.2591 Take profit: 1.2552
Sell: 1.2550 Take profit: 1.2517
For the Dollar / Franc currency pair, the key levels on the H1 scale are 0.9922, 0.9900, 0.9886, 0.9863, 0.9843, 0.9817 and 0.9802. Here, we are following the downward structure of December 17th. The short-term downward movement is possible in the range of 0.9863 - 0.9843 and the breakdown of the latter value should be accompanied by a pronounced downward movement. Here, the goal is 0.9817. The potential value for the bottom is considered to be the level of 0.9802, upon reaching which we expect a rollback to the top.
The short-term uptrend is possible in the range of 0.9886 - 0.9900. The breakdown of the last value will lead to a prolonged correction. Here, the target is 0.9922 and this level is the key support for the downward structure.
The main trend is the downward cycle of December 17.
Trading recommendations:
Buy: 0.9886 Take profit: 0.9900
Buy: 0.9903 Take profit: 0.9922
Sell: 0.9861 Take profit: 0.9843
Sell: 0.9840 Take profit: 0.9820
For the Dollar / Yen currency pair, the key levels on the scale are 112.06, 111.59, 111.34, 110.99, 110.65 and 110.30. Here, we continue to monitor the downward structure of December 14. The short-term downward movement is expected in the range of 110.99 - 110.65 and the breakdown of the latter value will lead to a movement to the potential target. In this case, the target is 110.30 and we expect a rollback to the top from this level.
The short-term upward movement is possible in the range of 111.34 - 111.59 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 112.06 and this level is the key support for the downward structure of December 14.
The main trend is the downward structure of December 14.
Trading recommendations:
Buy: 111.34 Take profit: 111.57
Buy: 111.63 Take profit: 112.00
Sell: 110.99 Take profit: 110.67
Sell: 110.62 Take profit: 110.30
For the Canadian dollar / Dollar currency pair, the key levels on the H1 scale are 1.3614, 1.3557, 1.3521, 1.3434, 1.3405, 1.3361 and 1.3318. Here, we are following the development of the bottom-up structure from December 7th. The short-term upward movement is expected in the range of 1.3521 - 1.3557 and the breakdown of the last value will allow expecting a movement towards a potential target of 1.3614, after reaching this level, we expect a rollback downwards.
The short-term downward movement is possible in the range of 1.3434 - 1.3405 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 1.3361 and this level is the key support for the top. Its price passage will have to form the initial conditions for the downward cycle. In this case, the target is 1.3318.
The main trend is the local structure for the top of December 7th.
Trading recommendations:
Buy: 1.3521 Take profit: 1.3555
Buy: 1.3560 Take profit: 1.3612
Sell: 1.3434 Take profit: 1.3405
Sell: 1.3403 Take profit: 1.3363
For the currency pair Australian dollar / Dollar key levels on the H1 scale are 0.7186, 0.7148, 0.7127, 0.7075, 0.7049 and 0.7015. Here, we follow the development of the downward structure of December 13. The short-term downward movement is expected in the range of 0.7075 - 0.7049 and the breakdown of the latter value will lead to a movement to the potential target of 0.7015, upon reaching which we expect a rollback to the correction.
The short-term upward movement is possible in the range of 0.7127 - 0.7148 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.7186 and this level is the key support for the downward structure.
The main trend is the downward structure of December 4.
Trading recommendations:
Buy: 0.7127 Take profit: 0.7146
Buy: 0.7150 Take profit: 0.7185
Sell: 0.7075 Take profit: 0.7052
Sell: 0.7047 Take profit: 0.7017
For the Euro / Yen currency pair, the key levels on the H1 scale are 128.32, 127.91, 127.68, 127.00, 126.68 and 126.21. Here, we follow the development of the downward structure of December 13. The short-term downward movement is expected in the range of 127.00 - 126.68 and the breakdown of the latter value will lead to a movement to the potential target. In this case, the target is 126.21 and we expect a rollback to the top from this level.
The short-term upward movement is possible in the range of 127.68 - 127.91 and the breakdown of the latter value will lead to a prolonged correction. Here, the goal is 128.32 and this level is the key support for the downward structure.
The main trend is the downward structure of December 13.
Trading recommendations:
Buy: 127.68 Take profit: 127.90
Buy: 127.94 Take profit: 128.30
Sell: 127.00 Take profit: 126.72
Sell: 126.65 Take profit: 126.21
For the Pound / Yen currency pair, the key levels on the H1 scale are 142.73, 142.09, 141.55, 141.22, 140.57, 139.86 and 139.15. Here, we follow the development of the downward structure of December 13. The short-term downward movement is expected in the range of 140.57 - 140.22 and the breakdown of the latter value will lead to the movement to the level of 139.86. The breakdown of which, in turn, must be accompanied by a pronounced downward movement to the potential target of 139.15. From the level of 139.15, we expect a roll back up.
The short-term uptrend is possible in the range of 141.22 - 141.55 and the breakdown of the last value will lead to an in-depth correction. Here, the target is 142.09 and this level is the key support for the bottom. Its price passage will have to form the initial conditions for the upward cycle. In this case, the target is 142.73.
The main trend is the downward structure of December 13.
Trading recommendations:
Buy: 141.55 Take profit: 142.05
Buy: 142.12 Take profit: 142.70
Sell: 140.55 Take profit: 140.22
Sell: 139.83 Take profit: 139.30
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