Our 16 December Free Trading Signals for GBP/USD, EUR/USD and BTC/USD include technical outlook as the following:
16 December GBPUSD trading signal
On Thursday GBP/USD spiked right after UK elections exit pools were released. The pair immediately jumped to 1.35 level. Later during the day GBP/USD retraced to 1.33 level. At the moment the price is above both 50 Moving average (red line) and 200 Moving Average (dark blue line), which is a signal of the bullish trend. I'm looking for buy orders at the moment. Scroll down to see the signal details with my SL, TP and entry levels for GBP/USD. Please keep in mind that elections news can significantly impact GBP/USD volatility.
16 December EURUSD trading signal
On Friday EUR/USD fell below the opening price after touching 1.12 level, which was the highest pair value since August. On Daily timeframe, EUR/USD formed a gravestone doji candle which is a reversal signal for the previous bullish trend. On H1 timeframe the price is below 50 Moving average (red line), but above 200 Moving Average (dark blue line), which is a signal of uncertainty. But bearish divergence (yellow lines) can clearly be seen on MACD indicator. Because of the gravestone doji candle on D1 timeframe and bearish divergence on H1 timeframe, I am looking for sell order at the moment. Scroll down to see the signal details with my SL, TP and entry levels for EUR/USD.
16 December BTCUSD trading signal
During the weekend BTC/USD fell to 7000 psychological level. After touching 7000 level the pair retraced to dynamic resistance in form of 50 Moving average (red line). At the moment minor resistance is 50 Moving average (red line), major resistance is 200 Moving Average (dark blue line), major support is 7000 psychological level. Scroll down to see the signal details with my SL, TP and entry levels for BTC/USD.
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