EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the pair continues falling; right now, the price is testing the support level where it has formed several reversal candlestick patterns, such as Hammer. At the moment, EURUSD is starting to reverse. We may assume that later the price may correct to reach 1.0950. However, one shouldn’t exclude a possibility that the price may continue falling towards 1.0530 without testing 1.0950.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is still recovering after the fall. By now, the pair has tested the resistance level again, where it has formed a Long-Legged Doji reversal pattern. Possibly, the price may reverse and reach 108.00. The current situation implies that after finishing the correction the price may grow towards the target at 113.60.

EURGBP, “Euro vs. Great Britain Pound”

As we can see in the H4 chart, after updating the highs, EURGBP has formed several reversal patterns, such as Hanging Man and reversed. At the moment, we may assume that later the market may start a new growth towards 0.9490 and continue the ascending tendency. However, one shouldn’t exclude an opposite scenario, which implies that the instrument may continue the correction with the target at 0.9005.

EURUSD, “Euro vs US Dollar”

EURUSD is forming a wide consolidation range around 1.0720. Possibly, the pair may reach form one more ascending structure to reach 1.0797 and then start a new decline towards 1.0606. Later, the market may correct with the target at 1.0922.

GBPUSD, “Great Britain Pound vs US Dollar”

After completing the ascending impulse at 1.1922, GBPUSD has corrected this impulse towards 1.1529; right now, it is consolidating around 1.1605. If later the price breaks this range to the upside, the market may resume trading upwards to break 1.1812 and then continue growing to reach 1.2075; if to the downside – form a new descending structure with the target at 1.1220.

USDCHF, “US Dollar vs Swiss Franc”

After finishing the ascending wave at 0.9900, USDCHF is falling with the target at 0.9240. Later, the market may start a new growth to break 0.9820 and then continue trading upwards to reach 0.9915.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has finished another ascending structure at 111.49; right now, it is forming a new descending impulse to reach 109.27. After that, the instrument may grow towards 110.37, thus forming a new consolidation range between two latter levels. If later the price breaks this range to the downside, the market may start another correction to reach 106.49; if to the upside – form one more ascending structure with the target at 112.12.

AUDUSD, “Australian Dollar vs US Dollar”

After finishing the ascending structure at 0.5945, AUDUSD is consolidating around 0.5828. Possibly, the pair may grow towards 0.6136. After that, the instrument may form a new descending structure to break 0.5822 and then continue trading inside the downtrend with the target at 0.5370.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is moving in the center of a wide consolidation range around 79.20. Possibly, today the pair may expand the range up to 82.50. Later, the market may start a new decline to break 76.90 and then continue trading downwards with the target at 75.11.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is forming another ascending impulse towards 1.4506. Possibly, the pair may reach this level and then resume trading downwards to break 1.4324. Later, the market may continue the descending correction with the target at 1.4131.

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating around 1480.70 without any particular direction. Today, the pair may fall to reach 1450.00 and then grow to return to 1480.00. If later the price breaks this range to the downside, the market may start a new decline towards 1444.00; if to the upside – form one more ascending structure with the target at 1550.00.

BRENT

Brent is forming a wide consolidation range around 27.30. Possibly, today the pair may fall to reach 24.20 and then return to 27.30. If later the price breaks this range to the downside at 24.10, the market may resume trading downwards to reach 20.65; if to the upside at 28.50 – start a new growth to break 31.00 and then continue trading upwards with the target at 35.88.

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD has finished the second ascending structure at 6800.00. The main scenario implies that the instrument may correct towards 5300.00 and then resume trading upwards to reach 7000.00. After that, the instrument may start another correction to return to 5300.00.

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is trading at 5856.00; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 5570.00 and then resume moving upwards to reach 7765.00. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 5010.00. In this case, the pair may continue falling towards 4355.00. After breaking the cloud’s upside border and fixing above 6185.00, the price may resume moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.4427; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the support area at 1.4310 and then resume moving upwards to reach 1.4825. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 1.3675. In this case, the pair may continue falling towards 1.3585.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 109.87; 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 109.35 and then resume moving upwards to reach 113.85. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 103.85. In this case, the pair may continue falling towards 102.95.

XAUUSD, “Gold vs US Dollar”

As we can see in the daily chart, the divergence made the pair form a new wave to the downside; the wave broke 38.2% fibo but later stopped not fare from 50.0% fibo at 1431.95. After finishing the correction, XAUUSD may resume trading downwards to reach 50.0% and 61.8% fibo at 1431.95 and 1367.80 respectively. The resistance is the high at 1703.17.

In the H4 chart, the first rising impulse has corrected the previous descending wave by 38.2%. Later, the pair may continue growing towards 50.0% fibo at 1578.10. After completing the pullback and breaking the low at 1451.18, the price may continue its mid-term descending tendency.

USDCHF, “US Dollar vs Swiss Franc”

In the daily chart, the rising impulse has completely corrected the previous descending wave, which means that the pair may continue growing towards 76.0% fibo at 0.9982 and the fractal high at 1.0236. In the mid-term, USDCHF is expected to trade between 0.9176 and 1.0236.

In the H1 chart, we can see a local divergence and a new pullback. The descending wave may be heading towards 23.6%, 38.2%, and 50.0% fibo at 0.9730, 0.9624, and 0.9538 respectively. The resistance is at 0.9901.