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Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent for 20 December 2024. EURUSD forecast On the H4 EURUSD chart, the market has completed a corrective wave structure to 1.0420. Today, 20 December 2024, we expect a downward wave to develop towards 1.0330. Subsequently, a correction […]
The EURUSD rate is declining, remaining near the November lows, with the current price at 1.0366. More details in our analysis for 20 December 2024. EURUSD forecast: key trading points The US economy expanded by 3.1% in Q3, surpassing the preliminary estimate of 2.8% US initial jobless claims decreased by 22 thousand to 220 thousand, […]
The USDJPY rate corrected to the 156.75 support level today after a steady rise on Wednesday and Thursday. Discover more in our analysis for 20 December 2024. USDJPY forecast: key trading points The Bank of Japan left the interest rate unchanged at 0.25% Japan’s inflation is accelerating, with the Consumer Price Index (CPI) showing a […]
A potential rise in US inflation expectations offers hope for Gold to climb to 2,648. Discover more in our analysis for 20 December 2024. XAUUSD forecast: key trading points The US core PCE Price Index: previously at 2.8%, projected at 2.9% The US Michigan inflation expectations: previously at 2.6%, projected at 2.9% XAUUSD forecast for […]
Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent for 19 December 2024. EURUSD forecast On the H4 chart, EURUSD rebounded from resistance at 1.0490, completing a downward wave structure targeting 1.0344. This marks the estimated target for the first wave of the decline. Today, 19 […]
Brent oil is correcting near the key support level of 72.45 USD. Find out more in our analysis for 19 December 2024. Brent forecast: key trading points Brent prices are declining, erasing yesterday’s gains The Federal Reserve signals a slower pace of interest rate cuts in 2025 US oil inventories decreased by 934 thousand barrels, […]