| Technical analysis of NZD/USD for December 10, 2018 2018-12-10  Overview: Last week, the NZD/USD pair broke resistance which turned into strong support at the level of 0.6705 this week. The level of 0.6705 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is above 70. The RSI is still signaling that the trend is upward as it is still strong above the moving average (100). This suggests the pair will probably go up in coming hours. Accordingly, the market is likely to show signs of a bullish trend. In other words, buy orders are recommended above 0.6800 with the first target at the level of 0.6882. From this point, the pair is likely to begin an ascending movement to the point of 0.6882 and further to the level of 0.6984. The level of 0.6984 will act as strong resistance. On the other hand, if a breakout happens at the support level of 0.6705, then this scenario may become invalidated. Technical analysis of GBP/USD for December 10, 2018 2018-12-10  Overview: The GBP/USD pair dropped from the level of 1.2890 towards 1.2780. Now, the price is set at 1.2850. On the H4 chart, the resistance is seen at the levels of 1.2890 and 1.3001. Volatility is very high for that the GBP/USD pair is still expected to be moving between 1.2829 and 1.2725 in coming hours. In the short term, we expect the GBP/USD pair to continue to trade in a bullish trend from the new support level of 1.2725 to form a bullish channel. Also, it should be noted that major resistance is seen at 1.2829, while immediate resistance is found at 1.2829. According to the previous events, the pair is likely to move from 1.2725 towards 1.2829 and 1.2890 as targets. In the H4 time frame: However, if the pair fails to pass through the level of 1.2890, the market will indicate a bearish opportunity below the level of 1.2890. So, the market will decline further to 1.2725 in order to return to the daily support. Moreover, a breakout of that target will move the pair further downwards to 1.2640. EUR/USD analysis for December 10, 2018 2018-12-10 
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1442. Anyway, according to the M15 time – frame, I found that there is a fake breakout of Friday's high at the price of 1.1424, which is a sign of weakness. I also found that price made a bearish break of the Ichimoku cloud, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.1360 and the price of 1.1322. GBP/USD analysis for December 10, 2018 2018-12-10 
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2690. According to the M15 time – frame, I found that there is trading below the daily pivot (1.2743) and below the Ichimoku cloud, which is a sign that sellers are in control. I also found that there is a double bottom pattern on the point and figure chart, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.2663 and at the price of 1.2620.
Author's today's articles: Mourad El Keddani  Was born in Oujda, Morocco. Currently lives in Belgium. In 2003 obtained B.S. in Experimental Sciences. In 2007 obtained a graduate diploma at Institut Marocain Specialise en Informatique Applique (IMSIA), specialty – Software Engineering Analyst. In 2007–2009 worked as teacher of computer services and trainer in a professional school specializing in computer technologies and accounting. In 2005 started Forex trading. Authored articles and analytical reviews on Forex market on Forex websites and forums. Since 2008 performs Forex market research, and develops and implements his own trading strategies of Forex analysis (especially in Forex Research & Analysis, Currency Forecast, and Recommendations and Analysis) that lies in: Numerical analysis: Probabilities, equations and techniques of applying Fibonacci levels. Classical analysis: Breakout strategy and trend indicators. Uses obtained skills to manage traders' accounts since 2009. In April 2009 was certified Financial Technician by the International Federation of Technical Analysts. Winner of several social work awards: Education Literacy and Non-Formal Education (in Literacy and Adult Education in The National Initiative for Human Development).
Languages: Arabic, English, French and Dutch.
Interests: Algorithm, Graphics, Social work, Psychology and Philosophy. Petar Jacimovic  Petar was born on July 08, 1989 in Serbia. Graduated from Economy University and after has worked as a currency analyst for large private investors. Petar has been involved in the world of finance since 2007. In this trading he specializes in Volume Price Action (volume background, multi Fibonacci zones, trend channels, supply and demand). He also writes the market analytical reviews for Forex forums and websites. Moreover Petar is forex teacher and has wide experience in tutoring and conducting webinars. Interests : finance, travelling, sports, music "The key to success is hard work"
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Fundamental analysis, Fractal analysis, Wave analysis, Technical analysis, Stock Markets
Author's :
Alexandros Yfantis, Arief Makmur, Dean Leo, Oscar Ton, Michael Becker, Mohamed Samy, Mourad El Keddani, Petar Jacimovic, Rocky Yaman, Sebastian Seliga, Torben Melsted
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