EURUSD Day Trades – December 18

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EURUSD TODAY| DECEMBER 18

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Monday EURUSD market Started from 1.31630.

Today market gone to uptrend side and now its return back to down side

Morning market control by buyer’s way .so it’s gone up to 1.31780.

Today we do not have any important news announcement so market can go down trend side more.

Pivot Point Details:

This is the pivot point values for today’s EURUSD.Here Market started from open point- 1.31630 and its reached today Pivot level P-1.3165 and it can expect to reach Support level S1-1.3142 soon.

So after some hours it will touch may be Resistance level R1-1.3188, if market will go to buyer’s side means.

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Today morning market opened time CCI values was in the position of -8.45706 and after some hours its reached +194.00.so morning time traders like more buy and we got a one overbought today morning .

So after some hours traders like sell more means CCI go to Down trend side and CCI currently now in sellers Hand side.

Our markets watch team has given the detail about Today’s news Analysis.

FXBase Market analysis team says,

Today we don’t have any important news .so market in traders hand today .

This is some small news details for today.

At 18:15 USD Medium Impact news FOMC Member Fisher Speaks
Federal Reserve Bank of Dallas President and Federal Open Market Committee (FOMC) voting member (2008 and 2020) Richard Fisher is to speak. FOMC members are responsible for setting the benchmark interest rate and their speeches are closely watched for indications on the future possible direction of monetary policy.

His comments may determine a short-term positive or negative trend.

At 13.30 USD Medium impact news Current Account

The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation’s exports the data can have a sizable affect on the USD.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

So the final report is after some hours it will touch Support level S1-1.3142,if traders like more buy means market can go up to Resistance R1-1.3188 also.

EURUSD Wave Analysis – 18 December, 2020

Gurutrade December 18, 2020 at 3:15 PM 325 0

  • EURUSD reversed from resistance area
  • Likely to fall to 1.1100

EURUSD recently reversed down from the resistance area lying between the key resistance level 1.1165 (which has been steadily reversing the price from August), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse from June.

The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Shooting Star – which started the active impulse wave 3.

EURUSD is expected fall further toward the next support level 1.1100 (former resistance from November).

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The forecast for the pairs EURUSD, GBPUSD, USDJPY, AUDUSD and USDCAD on November 18

EURUSD

EURUSD pair at the last trading session it rose to a local maximum at 1,1056 after the formation of support at 1,1014. Daily support is expected around 1,1050 (green zone), which is likely to prevent the price from falling below. The main scenario remains growth. Test and rebound from the support level will allow the price to head to a new local maximum in the region of 1,1084.

GBPUSD

GBPUSD pair at the last trading session, formed support in the area of ​​1,2867, after which it rose to the level of 1,2919. Today, the price continues to grow. Daily support is expected today at 1,2896, which is likely to prevent the price from falling below. Test and rebound from this zone will open the way to growth to resistance levels at 1,2945.

USDJPY

USDJPY pair grew, as expected, to the level of 108,85, where it stopped, having met resistance from sellers. Daily support is expected at 108,67 (green zone), which is likely to hold back the price decline. The main scenario assumes a test of this support, the subsequent rebound from which will open the way to the resistance level in the region of 109,03.

USDCAD

For the USDCAD pair, the last trading session turned out to be uncertain. At first the price fell to support level at 1,3219, then rose to resistance at 1,3251, after which it again fell to support. However, the general direction is still downward. The main scenario for today involves a continued decline to the support level at 1,3195. Daily resistance is expected at 1,3237, which is likely to restrain further price growth.

AUDUSD

The AUDUSD pair at the last trading session met support from buyers at 0,6780 (green zone) and started a rebound. It can be assumed, that corrective growth will continue today. Daily support is at the level of 0,6807, the impossibility of overcoming which in the case of a test and subsequent rebound from this area will open the way for growth in the resistance area of ​​0,6834 and higher.

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Market forecasts, analytics and stock market news

Tickmill team

Tickmill’s market analysts cover the dynamics on stock and commodities exchanges, and forex. The analysts’ opinion is only the view of the situation and could not be used as a signal to enter the market.

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