Forecast of AUD / USD for December 31, 201

Trading 01 jan 2019 Commentaire »

AUD / USD

On the daily chart of the currency pair, the Marlin oscillator signal line is discharged from the oversold zone; on the four-hour chart, the same oscillator is actively growing in the zone of positive numbers. From this angle of view, the exit of the price for the Kruzenshtern line of the four-hour halftime is possible, more precisely, the exit of the price in the range of 0.7079-0.7110. The upper limit of the range is the resistance of the embedded line of the price channel of the daily timeframe.o9Z19s_rEvR1vL9VaQf2ZzHaj8z4p7YaGTfMvUkH7kzucDCsR1w_BSYG-XCwG0X6EjfnfL_ujrclA-aeBut regardless of whether the Australian undertakes such a breakthrough or not, the downward target of 0.6980 persists in the near future.

Three months ago, we posted a long-term forecast for AUD / USD based on the monthly chart. The long-term goal was defined area of 0.5660. Now this chart looks like this:

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Practically little has changed during this time. The price is still close to the rising trend line. But a new element confirming this scenario was added. The current December black candlestick overlaps the white November one. It is likely that in January, the market will accelerate after a three-month treading in place.

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Indicator analysis. Daily review of the currency pair EUR / USD for December 31, 2018

Trading 01 jan 2019 Commentaire »

Trend analysis (Fig. 1).

On Monday, the price will try again to break through the resistance line of 1.1462 (the red bold line). The probability of breaking 70% to 30%. In the case of penetration, the next target of 1.1487 is the upper fractal.

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Fig. 1 (daily schedule).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis is neutral;

- Trend analysis - up;

- Bollinger lines - up;

- Weekly schedule - up.

General conclusion:

On Monday, the price will once again try to break through the resistance lines of 1.1459 (red bold line). If this works out (70% probability), then the next upper fractal is 1.1487, if not, then a downward movement is possible with the first target of 1.1424, a recoil level of 23.6% (yellow dotted line). Before lunch, only the bottom.

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Weekly review for the GBP / USD currency pair from December 31 to January 5, 2018

Trading 01 jan 2019 Commentaire »

Trend analysis (Fig. 1).

This week, the price will move up with the first goal of a rolling level of 14.6% 1.2754 (yellow dotted line).

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Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - down;

- Monthly schedule - up.

The conclusion of the complex analysis - upward movement.

The total sum of the calculation of the GBP / USD currency pair candle on a weekly schedule: the price of the week is likely to have an upward trend with the absence of the first lower shadow for the weekly white candle (Monday is up) and the absence of the second upper shadow (Friday is up).

This week, the price will move up with the first intermediate target, the rolling level of 14.6% 1.2754 (yellow dotted line).

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Weekly review for the EUR / USD currency pair from December 31 to January 5, 2018

Trading 01 jan 2019 Commentaire »

We have a second holiday week, which will also be short. Last week, when moving up, it again tested the resistance line of 1.1459 (red bold line). An upward movement is possible this week, but the level of 1.1436 will put everything in its place.

Trend analysis (Fig. 1).

When moving up the first upper target is 1.1482 - 21 medium EMA (black thin line).

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Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - neutral;

- Volumes - up;

- Candlestick analysis is neutral;

- Trend analysis is neutral;

- Bollinger lines - down;

- Monthly schedule - up.

Conclusion of the complex analysis - upward movement.

The total result of the calculation of the EUR / USD currency pair candle on the weekly chart: the price of the week is likely to have an upward trend with the absence of the first lower shadow for the weekly white candle (Monday is up) and the absence of the second upper shadow (Friday is up).

When moving up the first upper target is 1.1482 - 21 medium EMA (black thin line).

The material has been provided by InstaForex Company - www.instaforex.com