GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.2174; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2185 and then resume moving downwards to reach 1.2085. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.2255. In this case, the pair may continue growing towards 1.2345.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3990; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3975 and then resume moving upwards to reach 1.4125. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.3930. In this case, the pair may continue falling towards 1.3845.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 107.70; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 107.45 and then resume moving upwards to reach 108.65. Another signal is favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 106.55. In this case, the pair may continue falling towards 105.65.

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after breaking the consolidation range and updating the high, XAUUSD is falling. The next upside targets were inside the post-correctional extension area between 138.2% and 161.8% fibo at 1798.90 and 1858.60 respectively, but the pair decided to test the previously-broken area. At the same time, there is a divergence on MACD, which indicates a possible correction towards 23.6%, 38.2%, and 50.0% fibo at 1690.70, 1645.40, and 1607.83 respectively.

In the H1 chart, the pair is falling towards 23.6% fibo at 1690.70. The resistance is the high 1764.86.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF continues the long-running correction between 38.2% and 61.8% fibo in the form of a Triangle inside a Flat. If the price breaks the resistance at 0.9743, the pair may continue growing to reach the high at 0.9901. Otherwise, the instrument may break the support at 0.9648 and then continue falling to reach 61.8% fibo at 0.9453.

In the H1 chart, the asset is correcting to the upside. After reaching 61.8% fibo, the correction has stopped. However, after a short-term pullback the instrument may rise to reach 76.0% fibo at 0.9749 and the high at 0.9784. The support is the low at 0.9638.

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is no longer moving inside the “overbought area”. In this case, the pair is expected to fall to break 5/8 and then continue trading downwards to reach the support at 4/8. However, this scenario may no longer be valid if the price breaks the resistance at 8/8 to the upside. After that, the instrument may continue growing to reach +1/8.

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is consolidating. The main scenario implies that the pair may break 4/8 to the downside and then continue falling towards the closest support at 3/8. However, this scenario may no longer be valid if the price breaks the resistance at 5/8. After that, the instrument may continue growing to reach 6/8.

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards to reach 3/8 from the H4 chart.

EURUSD, “Euro vs US Dollar”

EURUSD is trading downwards to reach 1.0922. Later, the market may correct towards 1.0969 and then resume trading inside the downtrend with the target at 1.0840.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD continues falling towards 1.2170. After that, the instrument may correct to reach 1.2222 and then continue trading downwards with the first target at 1.2100.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has extended the descending wave down to 70.70; right now, it is consolidating below this level. Today, the pair may correct towards 72.60 to test it from below and then resume trading inside the downtrend with the target at 69.44.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving downwards to break 107.30. After that, the instrument may continue falling with the short-term target at 106.66.

USDCHF, “US Dollar vs Swiss Franc”

After breaking 0.9700 to the upside, USDCHF is expected to continue growing towards 0.9737. Later, the market may start a new correction to reach 0.9696 and then form one more ascending structure with the first target at 0.9750.

AUDUSD, “Australian Dollar vs US Dollar”

After reaching the downside target at 0.6533, AUDUSD is expected to consolidate above this level. If later the price breaks this range to the upside, the market may start a new correction to reach 0.6575; if to the downside – form a new descending structure with the target at 0.6478.

BRENT

Brent is correcting towards 33.33. After that, the instrument may resume trading upwards with the short-term target at 39.00 and then start another correction towards 32.50.

XAUUSD, “Gold vs US Dollar”

After finishing the descending wave at 1721.80, Gold is expected to form one more ascending wave to reach 1737.20 (at least). After that, the instrument may start a new decline towards 1710.10 and complete a Flag correctional pattern.

BTCUSD, “Bitcoin vs US Dollar”

After completing the correction at 8888.80, BTCUSD is expected to consolidate near the lows. If later the price breaks this range to the upside, the market may start a new growth to break 9500.00 and then continue trading upwards with the target at 10150.00; if to the downside – form a new descending structure to reach 8300.00.

S&P 500

The Index is consolidating not far from the downside border. Possibly, the pair may break 2920.0 downwards and start a new correction to reach 2888.5. Later, the market may form one more ascending structure with the target at 3012.5.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the ascending tendency continues. By now, USDCAD has formed a Hammer pattern not far from the support level. At the moment, the price is reversing. Most likely, the pair may correct for a while and then resume growing towards 1.4090. Later, after breaking this level, the market may continue the ascending impulse.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, after testing the resistance level and forming a Shooting Star pattern, AUDUSD is reversing. The downside target may be the support level at 0.6425. In case of further growth, the upside target may be at 0.6614.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF has formed several reversal patterns, such as Hammer, close to the support level. At the moment, the pair is reversing. Later, the market may correct for a while and then resume growing with the target at 0.9770. The downside may be the support level at 0.9637.

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is trading at 9040.00; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 9185.00 and then resume moving downwards to reach 8505.00. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 9405.00. In this case, the pair may continue growing towards 9805.00.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6583; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6555 and then resume moving downwards to reach 0.6425. Another signal in favor of further downtrend will be a rebound from the resistance level. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.6605. In this case, the pair may continue growing towards 0.6695.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.4003; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3965 and then resume moving upwards to reach 1.4115. Another signal in favor of further uptrend will be a rebound from the support level. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.3885. In this case, the pair may continue falling towards 1.3795.

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the H4 chart, some time ago, BTCUSD attempted to reach the high and tried to stay close to it for a while. However, bulls were not strong enough to continue pushing the asset upwards, and, as a result, the instrument started a new decline towards 23.6% fibo. In the nearest future, the price is expected to continue falling to reach 38.2%, 50.0%, and 61.8% fibo at 7727.00, 7002.00, and 627800 respectively.

The H1 chart shows more detailed structure of the current correctional wave. We can see that the wave is approaching 23.6% fibo.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the H4 chart, after re-testing 61.8% fibo and rebounding it, ETHUSD has failed to reach the high at 227.46; right now, it is moving downwards. After reaching 23.6% fibo, the descending wave may continue towards 38.2%, 50.0%, and 61.8% fibo at 174.82, 158.62, and 142.42 respectively.

In the H1 chart, the divergence made the pair fall and reach 23.6% once again.