XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after testing the channel’s downside border, XAUUSD has formed several reversal patterns, such as Doji. At the moment, the pair is reversing. In this case, the upside target may be at 1750.00. At the same time, the instrument may choose an opposite scenario and continue trading upwards only after the correction towards 1680.00.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, the price is still moving inside the rising channel. After finishing an Engulfing pattern, NZDUSD is reversing. In this case, the upside target may be at 0.6188. Still, one shouldn’t exclude another scenario, which says that the instrument may continue the ascending tendency only after finishing the correction towards 0.6065.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, after testing the channel’s downside border, GBPUSD has formed several reversal patterns, such as Inverted Hammer. At the moment, the pair is moving inside the rising channel and reversing. Later, the market may resume the ascending tendency with the target at 1.2555. However, there is another scenario, which implies that the instrument may correct towards 1.2400 before resuming its growth

EURUSD, “Euro vs US Dollar”

After forming the consolidation range around 1.0847 and breaking it to the upside, EURUSD has reached 1.0880; right now, it is falling to return to 1.0847. Possibly, today the pair may reach this level and then grow towards 1.0865, thus forming a new consolidation range. If later the price breaks this range to the upside, the market may form one more ascending to reach 1.0915; if to the downside – start a new decline to break 1.0800 and then continue trading inside the downtrend with the target at 1.0740.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating around 1.2440. Today, the pair may fall towards 1.2420 and then resume growing to reach 1.2450. If later the price breaks this range to the downside, the market may start another decline with the target at 1.2355; if to the upside – form one more ascending structure towards 1.2485 and then resume trading downwards to reach the above-mentioned target.

USDRUB, “US Dollar vs Russian Ruble”

After breaking 74.00 to the downside, USDRUB is expected to continue falling towards 71.30. After that, the instrument may correct to return to 74.00 and test it from below. Later, the market may resume trading downwards with the target at 69.50.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 106.60. The main scenario implies that the price may grow towards 106.90. If later the price breaks this level to the upside, the market may form one more ascending structure with the short-term target at 107.22.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating above 0.9740. Today, the pair may expand the range up to 0.9768 and then return to 0.9740. If later the price breaks this range to the upside, the market may start another growth to reach 0.9814; if to the downside at 74.00 – continue the correction with the target at 0.9670.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has finished the ascending structure at 0.6555. Possibly, today the pair may consolidate near the highs. Later, the market may break the range to the downside and start a new decline with the first target at 0.6444.

BRENT

After completing the ascending structure at 27.00, Brent is expected to fall towards 24.10. After that, the instrument may grow to return to 27.00 and break it. Later, the market may continue trading upwards with the short-term target at 32.00 and then resume falling to test 27.00 from above.

XAUUSD, “Gold vs US Dollar”

Gold is moving upwards. Possibly, the pair may break 1714.33 and then continue growing to reach 1731.11. After that, the instrument may correct towards 1715.00 and then form one more ascending structure with the target at 1751.50.

BTCUSD, “Bitcoin vs US Dollar”

After reaching 8000.00, BTCUSD continues growing without any corrections. Possibly, today the pair may reach the target at 9444.00 and then start a new correction to return to 8000.00 and test it from above.

S&P 500

After reaching the short-term target at 2933.3, S&P 500 is still moving upwards. Today, the pair may extend this ascending wave and reach 2981.0. Later, the market may start another correction towards 2700.0 and the form one more ascending structure with the target at 3160.2

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.2478; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test the cloud’s downside border at 1.2445 and then resume moving upwards to reach 1.2595. Another signal in favor of further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.2405. In this case, the pair may continue falling towards 1.2315.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 106.46; 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 106.65 and then resume moving downwards to reach 105.65. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 107.15. In this case, the pair may continue growing towards 108.05.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3865; the instrument is moving below Ichimoku Cloud, thus indicating a bearish tendency. The markets could indicate that the price may test the cloud’s downside border at 1.3930 and then resume moving downwards to reach 1.3735. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 1.4035. In this case, the pair may continue growing towards 1.4125.

AUDUSD, “Australian Dollar vs US Dollar”

Now it’s the high time to check the long-term scenario for AUDUSD. As we can see in the monthly chart, the convergence on MACD made the pair complete the downtrend and fall to break 76.0% fibo. At the same time, the price didn’t reach the key low 0.4773 but managed to update the current one at 0.5506 and then started a new long-term bullish phase. At the moment, the instrument is moving towards 23.6% fibo and may later continue growing to reach 38.2% and 50.0% fibo at 0.7633 and 0.8293 respectively.

In the H4 chart, after completing a short-term pullback towards the local high at 0.6684, AUDUSD continue trading upwards. However, there might be a divergence on MACD, which indicates a possible pullback after the price reaches the high. The target of the pullback may be the current support, which is at 61.8% fibo at 0.6235

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after rebounding from the resistance at 23.6% fibo at 1.4262, USDCAD is trading downwards. The downside targets may be 50.0% and 61.8% fibo at 1.3808 and 1.3606 respectively.

In the H1 chart, the descending wave has almost reached the low at 1.3855. The next downside targets may be not only mid-term 50.0% and 61.8% fibo at 1.3808 and 1.3606 respectively, but also the post-correctional extension area between 138.2% and 161.8% fibo at 1.3700 and 1.3602 respectively.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6101; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6075 and then resume moving upwards to reach 0.6305. Another signal to confirm further ascending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.5965. In this case, the pair may continue falling towards 0.5885.

XAUUSD, “Gold vs US Dollar”

XAUUSD is trading at 1711.00; the instrument is moving above Ichimoku Cloud, thus indicating a bullish tendency. The markets could indicate that the price may test the cloud’s downside border at 1690.00 and then resume moving upwards to reach 1815.00. 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 1685.00. In this case, the pair may continue falling towards 1625.00. After breaking the upside border of the “Triangle” pattern and fixing above 1735.00, the price may resume moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3936; the instrument is moving below Ichimoku Cloud, thus indicating a bearish tendency. The markets could indicate that the price may test the cloud’s downside border at 1.4035 and then resume moving downwards to reach 1.3605. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 1.4165. In this case, the pair may continue growing towards 1.4155. After breaking the downside border of the “Triangle” pattern and fixing below 1.3875, the price may resume moving downwards.

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after testing the support level, EURUSD has formed a Hammer reversal pattern not far from the channel’s downside border. We may assume that later the price may continue the ascending tendency. In this case, the upside target may be at 1.0937. At the same time, there is another scenario, which implies that the price may continue falling to reach 1.0756.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, after breaking the support level and leaving the horizontal channel, USDJPY has formed a Harami pattern. However, the reversal signal seems to be false and the pair is still moving downwards. The current market situation implies that the price may continue falling in the nearest future. in this case, the downside may be 105.77, while the upside one is at 107.90.

EURGBP, “Euro vs. Great Britain Pound”

As we can see in the H4 chart, after returning to the support level, EURGBP continues forming reversal patterns, such as Hammer and Inverted Hammer. We may assume that later the pair may rebound from the support level once again. In this case, the upside target may be at 0.8850. Still, one shouldn’t exclude an opposite scenario, which implies that the instrument may break the support level and resume falling to reach the downside target at 0.8650.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, the divergence made the pair start a new bearish phase, which has already reached 23.6% fibo. At the moment, GBPUSD is forming a new ascending structure, which may be considered as an internal correction and later be followed by another descending wave towards 38.2%, 50.0%, and 61.8% fibo at 1.2175, 1.2030, and 1.1881 respectively. However, if the price manages to form a strong rising impulse and break the high at 1.2648, the instrument may start a steady growth to reach 50.0% and 61.8% fibo at 1.2892 and 1.3242 respectively.

The H1 chart shows a more detailed structure of the current ascending correction. The pair has already reached 61.8% fibo and may continue growing towards 76.0% fibo at 1.2552. At the same time, there is a divergence on MACD, which indicates that the market is already preparing for a new decline with the target at 1.2247.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the daily chart, EURJPY has broken the previous low and may continue falling towards the post-correctional extension area between 138.2% and 161.8% fibo at 113.20 and 111.54 respectively.

In the H4 chart, the current descending tendency is rather slow. At the same time, there might be a convergence on MACD to indicate a short-term pullback quite soon.

EURUSD, “Euro vs US Dollar”

After finishing the ascending structure at 1.0859, EURUSD is forming a new descending impulse to reach 1.0800 and may later grow towards 1.0830, thus forming a new consolidation range. According to the main scenario, the price is expected to break 1.0800 to the downside and then resume trading inside the downtrend with the short-term target at 1.0730. However, if the pair breaks 1.0860 to the upside, the instrument may choose an alternative scenario and extend the correction up to 1.0915. Later, the market may complete the correction and start a new decline with the key downside target at 1.0707.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is falling to reach 1.2340 and may later grow towards 1.2390, thus forming a new consolidation range between these two levels. The main scenario implies that the price is expected to break the range to the downside and then resume falling with the short-term target at 1.2250.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating above 74.00. Possibly, today the pair may reach 75.75 and then fall to break 74.00. After that, the instrument may continue trading inside the downtrend with the short-term target at 71.90.

USDJPY, “US Dollar vs Japanese Yen”

After completing the descending structure at 107.00, USDJPY is moving upwards to reach 107.60 and may later fall towards 107.30, thus forming a new consolidation range. If later the price breaks this range to the downside, the market may fall towards 106.66 and then start another growth with the target at 108.00; if to the upside – resume trading upwards to reach the above-mentioned target.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is moving upwards to reach 0.9800. After that, the instrument may form a new descending structure towards 0.9745 and then resume growing with the short-term target at 0.9850.

AUDUSD, “Australian Dollar vs US Dollar”

After forming another consolidation range above 0.6444 and then breaking this level to the downside, AUDUSD is expected to fall towards 0.6363. After that, the instrument may form one more ascending structure to reach 0.6440 and then resume trading downwards with the short-term target at 0.6242.

BRENT

After forming the consolidating around 25.00 and breaking 23.60 to the downside, Brent continues falling. Possibly, the pair may start a new correction to reach 21.09 and then form one more ascending structure to test 23.60 from below.

XAUUSD, “Gold vs US Dollar”

After completing the descending structure at 1702.30, Gold is consolidating not far from this level. Today, the pair may expand the range down to 1695.50 and then start a new growth to test 1720.40 from below.

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is still consolidating above 7660.00. the main scenario implies that the price may continue growing towards 7857.00. Later, the market may start a new correction to return to 7660.00 and then form one more ascending structure with the target at 8000.00.

S&P 500

S&P 500 is moving upwards; it has reached the short-term target at 2888.8. Possibly, today the pair may correct towards 2825.5 and then continue growing to reach 2933.3. After that, the instrument may start another correction with the target at 2700.2.