Forex Technical Analysis & Forecast 27.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has reached another downside target; right now, it is consolidating around 1.1366. Today, the pair may test this level from above. After that, the instrument may start a new grow to reach 1.1390 and then return to 1.1366, thus forming another consolidation range. If later the instrument breaks this range to the upside, the pair may continue growing with the target at 1.1414 and then form a new descending structure towards 1.1377.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating around 1.2640. Possibly, today the pair may trade downwards to reach 1.2592 and then expand the range towards 1.2750. Later, the market may form a new descending structure with the target at 1.2640.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still moving upwards. Possibly, today the pair may grow to reach 0.9977 and then fall towards 0.9900, thus forming another consolidation range. If later the instrument breaks this range to the upside, the pair may continue trading inside the uptrend with the target at 1.0125; if to the downside – start a new correction towards 0.9840.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving upwards to reach 111.42 and then may fall towards 110.82, thus forming another consolidation range. If later the instrument breaks this range to the upside, the pair may be corrected with the target at 112.40; if to the downside – resume trading inside the downtrend towards 107.70.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has formed another consolidation range around 0.7044. If later the instrument breaks this range to the upside, the pair may be corrected with the target at 0.7097; if to the downside – resume trading inside the downtrend towards 0.7000. Later, the market may form a reversal pattern and start a new correction to reach 0.7200.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still trading upwards and reached the key upside target. Today, the pair may start a new decline with the first target at 67.20. Later, the market may be corrected to reach 68.33.

XAUUSD, “Gold vs US Dollar”

Gold is forming the first descending impulse with the target at 1263.95. After that, the instrument may form one more ascending structure towards 1271.54 and then resume trading inside the downtrend with the short-term target at 1254.26. Later, the market may start a new growth to reach 1263.96.

BRENT

Brent is moving upwards to reach 55.93. After that, the instrument may resume falling towards 52.95 and then form one more ascending structure with the short-term target at 60.11.