Depending on how market opens in December, on H4 I have bullish sentiment for EURUSD. A wide gap below the swing low at 1.09812 will change the dynamics of this setup, but any opening above is fine with little or no adjustment.
As predicted last week (see below), gold found some relief at 1456 and is now ticking upward. If the resistant at 1472 is successfully violated, the precious metal will attempt to touch the upper channel of the bullish falling wedge.
If Silver is able to close with bullish engulfing candle, then more and more upside is more likely for the metal which is currently on correction. This could possibly send the price to the upper channel of the bullish wedge.
GBPUSD is in the corrective wave after the impulsive wave drove the pair from 1.22000 to the high of 1.30118. Now price is tending towards the lower channel. Expecting price to be rejected at 1.27300 there about for a reversal
Gold is now bearish. However, any daily price rejection at 1456 is expected to drive the metal price up to the upper channel of the bullish wedge at 1489. If 1456 is violated, then gold could fall further to 1430
With Dollar Index creating higher-high and higher-low, there is high probability of the swing high at 98.45 to be violated and the bulls will take the index to the next target at 99.05. From there, a major reversal could be witnessed
As earlier predicted the fall of CADJPY (See Chat below), the currency pair's correction seems to be ending pretty soon. The major trend is up and it is most likely will continue with the upside momentum