Daily Price Outlook

- USD/JPY dips to 141.767, down by 0.74%, testing key support levels.

- Oversold RSI conditions hint at a potential shift in market sentiment.

- Price action below the 50 EMA signals a bearish trend but faces pivotal resistance at 141.93.

The USD/JPY pair experienced a downward movement of 0.74%, settling at around 141.767. This decline marks a notable shift from recent sessions, with the pair now grappling with the pivotal 138.90 level, which stands as a significant pivot point in the current price dynamics. The chart suggests immediate resistance forming at 141.93, with subsequent barriers at 144.79 and 147.82. On the downside, the pair finds immediate support at 138.81, with further cushions at 135.86 and 133.19, which could be tested should the bearish trend continue.

Technical indicators display a bearish overtone, with the Relative Strength Index (RSI) deeply entrenched in oversold territory at 22, signaling potential exhaustion in selling pressure and the possibility of a reversal if market conditions permit. The Moving Average Convergence Divergence (MACD) stands at -0.373 with a signal line of -0.719, suggesting that downward momentum is waning, offering a glimmer of optimism for bulls in the market.

The pair's trading below the 50-day Exponential Moving Average (EMA) of 143.89 reinforces the short-term bearish trend. However, chart patterns and RSI levels warrant attention for signs of a potential correction or continuation of the trend.

While the USD/JPY pair shows a bearish trend in the short term, the oversold RSI indicates that a reversal could be imminent. Should the pair manage to recapture the 141 level, it could set the stage for a retest of the immediate resistance at 141.93. Investors will closely monitor the pair for signs of stabilization or further decline, as the currency navigates through key technical junctures in the days ahead.

USD/JPY - Trade Idea 

Entry Price – Buy Limit 141.074

Take Profit – 143.232

Stop Loss – 139.465

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$215/ -$160

Profit & Loss Per Mini Lot = +$21/ -$16 (edited)

Daily Price Outlook

- EUR/USD sees a slight decline to 1.07863 amid key technical resistance levels.

- Neutral RSI at 50 and MACD above the signal line indicate a balanced market.

- Market focus on FOMC meeting outcome for potential shifts in EUR/USD dynamics.

On December 13th, the EUR/USD pair is exhibiting a subtle downward movement, currently trading at 1.07863, marking a 0.08% decline. This movement reflects the pair's response to broader market dynamics and impending economic decisions.

In the current trading session, the EUR/USD pair is navigating a critical juncture defined by significant technical levels. The pivot point is identified at $1.0690, offering a baseline for potential shifts in the currency's trajectory. On the upper side, the pair faces immediate resistance at $1.0792, followed by higher barriers at $1.0861 and $1.0967. Conversely, should the pair succumb to bearish pressures, it will encounter support at $1.0623, with subsequent levels at $1.0521 and $1.0417.

The technical indicators provide a deeper insight into the pair's current state. The Relative Strength Index (RSI) is positioned at 50, indicating a neutral market sentiment neither leaning towards overbought nor oversold conditions. The Moving Average Convergence Divergence (MACD) shows a value of 0.00063, slightly above its signal line at -0.00045, suggesting a potential, albeit uncertain, upward momentum.

Notably, the 50-Day Exponential Moving Average (EMA) at $1.0783 is acting as a significant resistance level. The presence of Doji and spinning top candles just under this EMA level hints at a selling bias among traders, especially as the market anticipates the Federal Open Market Committee (FOMC) meeting's outcome.

In conclusion, while the EUR/USD pair demonstrates a bearish tendency below the $1.0783 mark, the overall trend is somewhat indecisive. Traders and investors are likely to maintain a cautious stance, waiting for clearer signals from the upcoming FOMC decision, which could significantly influence the pair's short-term direction.

EUR/USD - Trade Idea 

Entry Price – Sell Below 1.07877

Take Profit – 1.07305

Stop Loss – 1.08234

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$572/ -$357

Profit & Loss Per Mini Lot = +$57/ -$35

Daily Price Outlook

- GBP/USD shows a minor decline to 1.25513 amid key technical levels.

- RSI and MACD indicators suggest bearish sentiment below $1.2575 resistance.

- Market awaits FOMC decision for potential shifts in currency dynamics.

The GBP/USD pair on December 13th exhibits a slight downward trend, currently positioned at 1.25513, marking a decline of 0.1%. As market participants analyze the currency's movement within the context of global economic developments, the technical outlook presents a nuanced perspective.

In the current trading landscape, the pair is navigating through crucial technical levels. The pivot point is established at $1.2458, serving as a foundation for potential directional shifts. The currency pair confronts immediate resistance at $1.2595, with further hurdles at $1.2682 and $1.2813. On the downside, immediate support looms at $1.2370, followed by stronger levels at $1.2240 and $1.2104.

The technical indicators contribute to this complex picture. The Relative Strength Index (RSI) stands at 44, indicating a bearish sentiment as it remains below the critical 50 threshold. Meanwhile, the Moving Average Convergence Divergence (MACD) reveals a value of 0.00022, contrasting with its signal line at -0.00101, suggesting a potential shift in momentum.

Notably, the 50-Day Exponential Moving Average (EMA) is currently at $1.2556, with the GBP/USD trading just below this mark. This positioning of the EMA is acting as a significant resistance level at $1.2575. The formation of Doji and spinning top candles under this EMA level indicates a selling bias, particularly as the market awaits the outcome of the Federal Open Market Committee (FOMC) meeting.

In conclusion, the GBP/USD pair presents a bearish trend below the $1.2575 resistance level. This sentiment is underpinned by the currency's current positioning relative to key technical indicators and patterns. Traders are likely to maintain a cautious approach, particularly in light of the impending FOMC decision, which could influence short-term market dynamics.

GBP/USD - Trade Idea 

Entry Price – Sell Below 1.25653

Take Profit – 1.24546

Stop Loss – 1.26429

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$1107/ -$776

Profit & Loss Per Mini Lot = +$110/ -$77

Daily Price Outlook

- Gold trades slightly lower at $1,978, near key pivot point and resistance levels.

- Technical indicators suggest a bearish tilt with RSI near oversold conditions.

- Market awaits FOMC meeting and Fed rate decision for directional clarity.

As of December 13th, Gold is experiencing a nuanced shift in its market dynamics. Currently trading at $1,978, it registers a slight decrease of 0.07%. The precious metal is navigating through a complex technical landscape, marked by a mix of bearish and neutral signals.

In the realm of key price levels, the pivot point for Gold stands at $1,896. It faces immediate resistance at $1,948, with further barriers set at $2,049 and $2,103. Should bearish pressures intensify, support may be found at $1,798, followed by $1,694 and $1,594. These levels delineate the crucial thresholds that could determine Gold's short-term direction.

The technical indicators paint a detailed picture. The Relative Strength Index (RSI) stands at 31, signaling that Gold is nearing oversold territory, but still shy of the critical 30 mark. Meanwhile, the Moving Average Convergence Divergence (MACD) shows a value of -0.418, with its signal line at -12.414, hinting at a potential bearish sentiment in the near term.

The 50-Day Exponential Moving Average (EMA) is placed at $1,983, slightly above the current price, suggesting a potential short-term bearish trend. However, the recent formation of Doji and spinning top candles just above the $1,980 mark indicates a state of indecision among traders, particularly in anticipation of the upcoming FOMC meeting and the Federal Reserve's interest rate decision.

In conclusion, while Gold's trend remains predominantly bullish above the $1,980 level, the current market indicators and upcoming economic events suggest a cautious approach. Traders and investors are likely to focus closely on the outcomes of the FOMC meeting and the Federal Reserve’s rate decision, which could significantly impact Gold's price movement in the short term.

GOLD (XAU/USD) - Trade Idea 

Entry Price – Buy Above 1980

Take Profit – 2000

Stop Loss – 1965

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$2000/ -$1500

Profit & Loss Per Mini Lot = +$200/ -$150

Daily Price Outlook

- The AUD/USD pair shows a bullish trend, currently trading at 0.65902 with a 0.35% rise, facing immediate resistance at 0.6503.

- Technical indicators like RSI at 53 and MACD above its signal line suggest a potential upward momentum.

- Key support at 0.6550 and resistance levels up to 0.6668 are pivotal for determining the pair's short-term direction.

The AUD/USD pair, as of December 12, exhibits a notable upturn in the Forex market. Currently priced at 0.65902, the pair has experienced a 0.35% rise within a 24-hour period. Analyzing the 4-hour chart provides a clearer perspective on its short-term movements.

In terms of key price levels, the immediate resistance for the AUD/USD pair is at 0.6503. Surpassing this level could pave the way to the next resistance at 0.6599, followed by a further potential ceiling at 0.6668. On the flip side, support levels are observed at 0.6763, 0.6434, and 0.6340. These levels are crucial as they will dictate the pair's ability to maintain its current momentum or face a potential retracement.

From a technical standpoint, the Relative Strength Index (RSI) stands at 53, indicating a slightly bullish sentiment in the market. This level suggests that the currency pair is neither overbought nor oversold, but leans towards a bullish bias. The Moving Average Convergence Divergence (MACD) shows a value of 0.00014 with a signal line at -0.00055. The MACD line's position above the signal line hints at a potential upward momentum for the AUD/USD pair, supporting the bullish sentiment indicated by the RSI.

The 50-Day Exponential Moving Average (EMA) for the pair is currently at 0.6574. Given that the pair's price is hovering above the 50 EMA, it signifies a short-term bullish trend. Furthermore, the chart reveals an upward trendline providing support around 0.6550. A consistent close above this level could trigger further buying interest in the Australian Dollar.

In conclusion, the overall trend for the AUD/USD pair appears bullish, particularly if it maintains above the 0.6550 level. In the short term, we can expect the pair to potentially test higher resistance levels, particularly 0.6599, if the bullish momentum persists.

AUD/USD - Trade Idea 

Entry Price – Buy Above 0.65812

Take Profit – 0.66494

Stop Loss – 0.65419

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$682/ -$393

Profit & Loss Per Mini Lot = +$68/ -$39

Daily Price Outlook

- The USD/CAD pair shows a bearish trend, currently trading at 1.35585 with a 0.12% decrease, facing immediate resistance at 1.3561.

- Technical indicators like RSI at 41 and MACD below its signal line suggest a potential downward momentum.

- Key support at 1.3570 and resistance levels up to 1.3701 are pivotal for determining the pair's short-term direction.

As of December 12, the USD/CAD currency pair is exhibiting a minor downward trend in the Forex market, currently trading at 1.35585, a decrease of 0.12%. Analyzing the 4-hour chart provides a nuanced view of its short-term movements and potential pivot points.

In terms of key price levels, the USD/CAD pair faces immediate resistance at 1.3561. Overcoming this level could lead the pair to test further resistance at 1.3644 and potentially at 1.3701. Conversely, support levels are observed at 1.3781, 1.3504, and 1.3421. These levels will be critical in determining whether the pair can sustain its current momentum or if a reversal is imminent.

From a technical perspective, the Relative Strength Index (RSI) stands at 41, indicating a bearish sentiment in the market. This level suggests that the pair is neither in the overbought nor the oversold territory but leans towards a bearish inclination. The Moving Average Convergence Divergence (MACD) shows a value of -0.0004 with a signal line at 0.00014. The MACD line's position below the signal line hints at potential downward momentum for the USD/CAD pair, reinforcing the bearish sentiment indicated by the RSI.

The 50-Day Exponential Moving Average (EMA) for the pair is currently at 1.3576. Given that the pair's price is hovering below the 50 EMA, it signifies a short-term bearish trend. Furthermore, the chart reveals a downward channel keeping the USD/CAD pair bearish, especially below the 1.3570 support zone. A consistent close below this level could trigger further selling interest in the Canadian Dollar.

In conclusion, the overall trend for the USD/CAD pair appears bearish, particularly if it maintains below the critical 1.3570 level.

USD/CAD - Trade Idea 

Entry Price – Sell Below 1.3570

Take Profit – 1.3510

Stop Loss – 1.3621

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$606/ -$505

Profit & Loss Per Mini Lot = +$60/ -$50

Daily Price Outlook

- Gold shows potential for a bullish correction, trading near $1,986 with a 0.2% increase, facing immediate resistance at $1,897.

- Key technical indicators like the RSI nearing oversold conditions and weakening bearish MACD momentum suggest a possible market reversal.

- Crucial support at $1,976 and resistance levels up to $2,051 will be instrumental in shaping Gold’s short-term market direction.

In the recent analysis of the Gold market as of December 12, the asset displays a modest upward trend, with its price currently at $1,986, reflecting a 0.2% increase over the past 24 hours. This subtle yet notable movement points to a potential shift in market sentiment, as observed in the 4-hour chart timeframe. The immediate resistance for Gold is identified at $1,897, a crucial juncture for bulls to overcome to sustain the upward momentum. Further resistance levels are marked at $1,953 and $2,051, each representing significant hurdles for a bullish continuation.

On the support side, the immediate level is observed at $2,105, providing a safety net against any potential bearish reversal. The subsequent support levels at $1,796 and $1,694 will play pivotal roles in underpinning Gold’s value in the event of a downturn. These levels are crucial for traders to monitor, as they will likely influence the asset's short-term trajectory.

From a technical standpoint, the Relative Strength Index (RSI) stands at 33, indicating that Gold is nearing oversold territory. This suggests a possible inflection point where the market may witness a reversal, especially if this trend persists. The Moving Average Convergence Divergence (MACD) values, with a MACD line at -2.841 and a signal line at -13.005, hint at a weakening bearish momentum. This could potentially pave the way for a bullish reversal in the near future. Moreover, the current value of the 50-Day Exponential Moving Average (EMA) at $1,991, being below Gold's price, signifies a short-term bearish trend, but also indicates room for an upward correction.

The observed chart patterns, particularly the formation of Doji candles around the $1,976 support level, suggest chances of a bullish correction. This pattern implies that maintaining above this support level could signal the beginning of a bullish reversal for Gold.

In conclusion, the overall trend for Gold appears bullish, especially if it sustains above the critical $1,975 level. Looking forward, the asset is likely to test higher resistance levels, particularly if it remains above this key support.

GOLD (XAU/USD) - Trade Idea 

Entry Price – Buy Above 1980

Take Profit – 2000

Stop Loss – 1965

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$2000/ -$1500

Profit & Loss Per Mini Lot = +$200/ -$150

Daily Price Outlook

- GBP/USD observes a modest decline, facing immediate resistance at $1.2458 with a pivot point established at $1.2371.

- Technical indicators like the RSI and MACD suggest potential for a bearish trend, with careful attention to the 50 EMA as a critical marker.

- The outlook remains bearish below $1.2565, with a close watch on key resistance and support levels for directional cues.

The British Pound (GBP) has witnessed a slight retreat against the US Dollar (USD), with a 0.10% downtick to the 1.25367 mark, underscoring a cautious sentiment in the market. The currency pair had previously demonstrated resilience, but the current dip suggests a pause in the bullish momentum that characterized the past trading sessions.

GBP/USD now hovers just below the pivot point of $1.2371, with the currency facing immediate resistance at $1.2458. A breach above could see it challenge the subsequent ceilings at $1.2592 and $1.2684. However, the pair is cushioned by support levels at $1.2236, with further downside protection at $1.2102 and $1.1972, which may offer buy-on-dips opportunities.

The Relative Strength Index (RSI) lingers at 33, teetering on the edge of oversold territory, which may signal an impending reversal or a consolidation phase. The Moving Average Convergence Divergence (MACD) hovers at -0.00025, slightly below the signal line at -0.00207, indicating a bearish sentiment that could suggest further pullbacks.

The 50-Day Exponential Moving Average (EMA) currently at $1.2556 serves as a key benchmark. The GBP/USD's position below this moving average is indicative of a potential short-term bearish trend, requiring close observation for a confirmed direction.

An upward channel breakout point at $1.2600 was identified, suggesting a shift towards a downtrend. Should the price remain below this key level, it could confirm the bearish outlook.

In conclusion, while the short-term trend for GBP/USD appears bearish below the $1.2565 threshold, the currency pair is at a critical juncture. Market participants may anticipate a test of resistance levels if the Pound gains momentum or a reinforcement of support levels should the current bearish pressure persist.

GBP/USD - Trade Idea 

Entry Price – Sell Limit 1.25653

Take Profit – 1.24546

Stop Loss – 1.26429

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$1107/ -$776

Profit & Loss Per Mini Lot = +$110/ -$77

Daily Price Outlook

- Gold prices retract to around $1,998, signaling a cooling of the prior bullish trend, with the $2,000 pivot point being a key battleground for market direction.

- Technical indicators show neutrality with an RSI at 50 and a bearish MACD, suggesting potential shifts ahead amid economic data anticipation.

- The 50 EMA at $2,024.58 stands as a critical juncture; a consistent trade below could herald the start of a bearish phase for the precious metal.

Gold's market trajectory has recently seen a shift, with prices retracting to a near $1,998 per ounce, indicating a potential easing of the bullish fervor that characterized the previous sessions. The delicate balance of market forces is reflected in the 4-hour chart where the precious metal teeters around a significant threshold, suggesting a state of indecision among traders.

The immediate pivot point stands at $2,000, a psychological barrier that gold prices are struggling to reclaim. Overhead, resistance levels at $2,024.58 and $2,039.12 loom large, signifying potential headwinds that may stall an ascent. Conversely, support levels at $1,967.78 and $1,944.67 present a foundation that could arrest any further decline.

Within this technical framework, the Relative Strength Index (RSI) presents a neutral reading at 50, indicating a market equilibrium where buyer and seller momentum are in a standoff. Compounding this is the Moving Average Convergence Divergence (MACD) which, residing at -3.133, signals a bearish divergence as it trails below the signal line at -8.030, hinting at possible downward price action ahead.

The market's sentiment hinges on the 50-day Exponential Moving Average (EMA) at $2,024.58, which currently acts as a ceiling capping gold's upward movement. A persistent trade below this average could potentially confirm a shift towards a bearish trend.

GOLD (XAU/USD) - Trade Idea 

Entry Price – Sell Below 2002

Take Profit – 1977

Stop Loss – 2020

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$2500/ -$1800

Profit & Loss Per Mini Lot = +$250/ -$180

Daily Price Outlook

- EUR/USD inches slightly higher to 1.07628, with key resistance at $1.0791 and support at $1.0619.

- RSI at 38 suggests potential undervaluation, while MACD's slight positive divergence hints at cautious optimism.

- Price action above 50 EMA at $1.0769 could signal a bullish trend, yet the current bearish bias below this mark sets a cautious market outlook.

In the currency markets, the EUR/USD pair has displayed a modest uptick, nudging slightly upward by 0.01% to trade at 1.07628. Despite this fractional increase, the pair's movement suggests a tentativeness among traders, highlighting the market's current cautious sentiment. The pair sits just above a pivotal point at $1.0695, attempting to sustain momentum and breach immediate resistance levels at $1.0791 and potentially challenge further ceilings at $1.0860 and $1.0962.

Underneath the current price, there's a buffer zone extending to supports at $1.0619, $1.0523, and $1.0418, which are ready to act as soft landings should there be a pullback. From a technical standpoint, the Relative Strength Index (RSI) hovers at 38, signaling that the pair is neither oversold nor overbought, yet teeters closer to the territory where buyers may find value.

The Moving Average Convergence Divergence (MACD) indicator presents a microscopic positive value at 0.00022, contrasting with its signal line at -0.00221, suggesting the potential for an upward trend has not yet gained conviction among investors. Concurrently, the 50-day Exponential Moving Average (EMA) at $1.0769 serves as a critical juncture; the pair's trading above this level could indicate a short-term bullish trend, while a consistent position below could confirm bearish inclinations.

The technical analysis is further enriched by the observation of an upward channel breakout at 1.0805, signaling a shift towards a downtrend, a pattern that traders will monitor closely for confirmation.

Conclusively, the EUR/USD pair's short-term outlook is delicately balanced, with a lean towards bearishness below the $1.0769 threshold. Market participants are poised for a potential test of upper resistance levels, but not without considering the broader economic context that could influence the currency's path in the coming days.

EUR/USD - Trade Idea 

Entry Price – Sell Limit 1.07877

Take Profit – 1.07305

Stop Loss – 1.08234

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$572/ -$357

Profit & Loss Per Mini Lot = +$57/ -$35