Daily Technical Forex Forecast 25.12.2018


EUR/USD

The Euro indicated a keen growth yesterday, but the upward movement was on the small volume, so we can’t point out any new volume levels or zones. Besides it, the price is trading inside the local range between the support 1.1267 and the resistance 1.1463.

Therefore, we can consider new trading scenarios with this currency pair only after the sure breakout of one of these levels and the exit of the pair from the consolidation. The movement must be supported by the large volume, which will be a more reliable and accurate signal for entering the market.

GBP/USD

The Pound showed a sharp rise, but the surge was on the small volume, so we can’t consider long positions at the moment. Moreover, there is a strong downtrend with this currency pair, thus, we still should give a little advantage to short positions.

Sales can be opened only after a resumption of the keen and sure fall, supported by the large volume, which will be a more reliable signal for entering the market. A stop loss should be placed above this move. A potential of the deal is more than 100 points.

USD/JPY

The Yen continued falling yesterday. Moreover, the sink was on the increased volume, which is a good bearish signal. Hence, we should give preference to short positions. Nevertheless, we can enter the market only after a smooth upward correction of the price, in order to get a better entry point. A stop loss should be placed above the beginning of yesterday’s sharp drop. A potential of the deal is more than 100 points.

USD/CAD

The Canadian dollar went on its surge, but the rise of the pair was on the average volume, thus, we can’t point out any new volume level or zone. However, given the presence of the strong uptrend and the level of support 1.3513, we should regard exceptionally long positions. We can enter the market after a smooth downward correction of the pair, in order to get an acceptable entry point. A stop loss should be placed below the support. A potential of the deal is more than 100 points.

AUD/USD

The Australian dollar corrected up yesterday, but the growth was smooth and on the small volume, so that we can’t regard it as a reversal signal. Besides it, considering the recent keen fall on the large volume, we still should give advantage to short positions. We can enter the market after a smooth correction of the price up, in order to get a more profitable entry point. A stop loss should be placed above the beginning of the recent abrupt dip. A potential of the deal is more than 80 points.

XAU/USD

Gold showed a sharp and confident growth of the price yesterday. Unfortunately, this movement was on the small volume, so we can not allocated any new levels or zones. Despite this, we should consider exceptionally long positions, as there is a strong uptrend.

Purchases can be opened after a small and smooth correction of the price down to get an acceptable entry point into the market. A stop loss should be placed just below the beginning of the current price increase. A potential of the deal is more than 150 points.

The sentiment: this indicator totally affirms all our trading scenarios today, which is a great additional signal for us. As with the Euro and Pound, we should wait for the exit of prices from local consolidation and only after that we can regard new deals.

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