Outlook on December 11:
Analytical overview of major pairs on the H1 TF:
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 1.3534, 1.3464, 1.3418, 1.3294, 1.3223, 1.3148, 1.3104 and 1.2987. Here, the price of the pair is forming potential initial conditions for the downward trend of December 4. Now, we expect the decline to continue after the level of 1.3294 breaks down. In this case, the target is 1.3223 and price consolidation is around this level. If the indicated target breaks down, it will lead to a strong decline. In this case, the next target is 1.3148. On the other hand, there is a short-term decline and consolidation in the range of 1.3148 - 1.3104. For the further potential downward target, the level of 1.2987 is considered. Upon reaching this level, upward pullback is expected.
Meanwhile, the key support for the downward trend is the range of 1.3418 - 1.3464. The price overcoming this level will encourage the development of an upward trend. In this case, the first potential target is 1.3534.
The main trend is building capacity for the downward trend of December 4
Trading recommendations:
Buy: 1.3418 Take profit: 1.3463
Buy: 1.3465 Take profit: 1.3534
Sell: 1.3294 Take profit: 1.3225
Sell: 1.3221 Take profit: 1.3150
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 cycle from November 30 is monitored here. In this regard, 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, which supports the resumption 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 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, 0.7539, 0.7517 and 0.7488. Here, we are following the development of the upward trend from December 7. Therefore, 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 decline is expected in the range of 0.7539 - 0.7517. If the last value breaks down, a deep correction will occur. Here, the potential target is 0.7488, which is the key support level at the top.
The main trend is the local upward trend of December 7
Trading recommendations:
Buy: 0.7588 Take profit: 0.7624
Buy: 0.7625 Take profit: 0.7653
Sell : 0.7539 Take profit : 0.7518
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 forms a local trend for the high from December 9. Against this background, short-term growth is expected in the range of 126.74 - 127.03. In case that the last value breaks down, it will lead 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 can be 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 139.60, 138.99, 138.61, 137.89, 137.23, 136.85 and 135.80. Here, we continue to follow the main trend, which is the downward trend from December 4. Now, we expect the decline to continue after the level of 137.89 breaks down. In this case, the target is 137.23. On the other hand, there is a short-term downward movement and consolidation in the range of 137.23 - 136.85. The breakdown of the last value here will lead to a strong decline. In this case, the potential target is 135.80. Upon reaching this level, we expect an upward pullback.
Short-term growth, in turn, is possible in the range of 138.61 - 138.99. If the last value breaks down, it will lead to a deep correction. Here, the potential target is 139.60.
The main trend is the downward trend from December 4
Trading recommendations:
Buy: 138.61 Take profit: 138.97
Buy: 139.01 Take profit: 139.60
Sell: 137.89 Take profit: 137.24
Sell: 136.83 Take profit: 135.80