Forex Technical Analysis & Forecast 19.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD is trading upwards. Possibly, the pair may continue the correction towards 1.1400 (an alternative scenario). According to the main scenario, later the price is expected to continue trading inside the downtrend with the target at 1.1290.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating. Possibly, the pair may grow towards 1.2750 and then fall to reach 1.2640. Later, the market may continue the correction with the target at 1.2804 (an alternative scenario). According to the main scenario, the price is expected to continue trading inside the downtrend with the target at 1.2450.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading upwards to reach 0.9943. After that, the instrument may start a new decline towards 0.9920 and then form one more ascending structure with the short-term target at 0.9990.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading downwards. Today, the pair may form a continuation pattern around 112.40. The short-term downside target is at 111.15.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still being corrected. Possibly, today the pair may form one more ascending structure to reach 0.7210. After that, the instrument may resume trading inside the downtrend with the short-term target at 0.7077.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating close to the upside border of the range. Today, the pair may fall to break 66.80 and then continue this decline with the target at 65.80.

XAUUSD, “Gold vs US Dollar”

Gold is trading upwards. Possibly, today the pair may reach 1250.32 and then form a new descending structure towards 1240.25. After that, the instrument may start another growth with the target at 1255.10.

BRENT

Brent has broken 59.05 and completed another descending structure. Today, the pair may grow to return to 59.05 and then start a new decline towards 57.57, thus forming another consolidation range. Later, the market may break the range to the upside and resume trading inside the uptrend with the target at 73.00.