Forex Technical Analysis & Forecast 13.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has completed another consolidation range in the form of the Triangle pattern; right now, it is trading directly in the center. According to the main scenario, the pair may fall towards 1.1313. If later the instrument breaks this range to the downside, the price may resume trading inside the downtrend with the target at 1.1220.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has returned to 1.2640; right now, it is consolidating. According to the main scenario, the pair may continue trading inside the downtrend with the target at 1.2440.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has finished the ascending impulse along with the correction. Possibly, today the pair may form one more ascending structure to reach 1.0033 and then start a new decline towards 0.9980. Later, the market may resume trading inside the uptrend with the target at 1.0088.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating. If later the instrument breaks this range to the upside, the price may choose an alternative scenario and extend this wave to reach 113.87; if to the downside – resume trading inside the downtrend with the target at 112.40.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating close to the upside border of the range at 0.7240. If later the instrument breaks this range to the upside, the price may start another growth to reach 0.7300; if to the downside – resume trading inside the downtrend with the target at 0.7077.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading downwards to break 65.74. After that, the instrument may continue trading inside the downtrend to reach 65.55. The short-term target is at 64.00.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1244.62. Today, the pair may form one more ascending structure towards 1247.82. If later the instrument breaks this range to the upside, the price may reach 1252.30; if to the downside – resume trading inside the downtrend with the target at 1225.25.

BRENT

Brent is still consolidating around 60.10. Possibly, the pair may form a new descending structure to reach 58.30. If later the instrument breaks this range to the upside, the price may resume trading inside the uptrend with the short-term target at 67.77.