USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the ascending tendency continues. At the moment, after completing the pullback towards the channel’s downside border, USDCAD has formed a Hammer pattern. The upside target may be at 1.4240. At the same time, there might be another scenario, which implies that the instrument may fall towards the support level at 1.3940.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the ascending tendency continues. After completing a Doji pattern not far from the resistance level, the price is expected to reverse and start a new pullback towards the channel’s downside border. The downside target may be at 0.6356. Still, the instrument may choose an opposite scenario and continue trading upwards to test 0.6620 without reversing.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the pair continues the ascending tendency. By now, USDCHF has formed several reversal patterns, such as Hammer, near the channel’s downside border. The current situation suggests that after reversing the pair may continue the ascending tendency. In this case, the upside target may be at 0.9792. However, one shouldn’t ignore another scenario, according to which the instrument may fall and return to 0.9690.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.2420; 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 1.2380 and then resume moving upwards to reach 1.2525. 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 1.2350. In this case, the pair may continue falling towards 1.2285.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 107.20; 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 107.35 and then resume moving downwards to reach 106.65. 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 107.65. In this case, the pair may continue growing towards 108.35.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6454; 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 0.6430 and then resume moving upwards to reach 0.6535. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6365. In this case, the pair may continue falling towards 0.6285.

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, after finishing a short-term growth, EURUSD is attempting to start a new descending wave. The entire structure of the mid-term trend is rather similar to a descending skewed triangle, which indicates bearish domination and further decline. The closest downside target is the low at 1.0635. If the price breaks the low, it may continue falling towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.0440 and 1.0321 respectively. However, one shouldn’t exclude that the instrument may rebound from the low and resume growing to reach 38.2% and 50.0% fibo at 1.1370 and 1.1595 respectively.

The H1 chart shows a new correctional uptrend after the descending wave, which has already reached 50.0% fibo and may soon reverse downwards. The downside target may be the low at 1.0727. However, the instrument may yet continue growing towards 61.8% and 76.0% fibo at 1.0890 and 1.0926 respectively.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is trying to break the consolidation range around 38.2% fibo. If the price manages to break the range and fall towards 50.0% fibo at 106.44, the descending wave may continue to reach 61.8% and 76.0% fibo at 105.20 and 103.70 respectively. The resistance remains at the high at 111.71.

In the H1 chart, after attempting to grow and reach 50.0% at 108.16, the pair is falling towards the low at 106.93. If the price rebounds from the low, the instrument may resume growing to reach 50.0% and 61.8% fibo at 108.16 and 108.44 respectively.

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after testing the resistance level and forming several reversal patterns, such as Gravestone Doji, Gold is reversing. In this case, the downside target may be the support line, from which the pair rebounded several times earlier. If the price breaks this line, the next target will be at 1680.00. At the same time, the instrument may choose an opposite scenario and continue trading upwards without testing the support line. The upside target remains at 1750.00.

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 Inverted Hammer pattern, NZDUSD is reversing. In this case, the upside target may be at 0.6120. Still, one shouldn’t exclude another scenario, which says that the instrument may fall and return to 0.6000.

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 reversing and may later resume the ascending tendency with the target at 1.2550. However, there is another scenario, which implies that the instrument may fall towards 1.2315.

EURUSD, “Euro vs US Dollar”

After finishing the descending wave at 1.0730 and then forming the consolidation range around 1.0800, EURUSD has broken it to the upside; right now, it continues the ascending correction. Possibly, the pair may grow to reach 1.0860 to complete the correction and then resume trading inside the downtrend with the target at 1.0700.

GBPUSD, “Great Britain Pound vs US Dollar”

After forming the consolidation range around 1.2340 and breaking it to the upside at 1.2385, GBPUSD is expected to choose an alternative scenario and continue the correction towards 1.2437. After that, the instrument may start another decline with the short-term target at 1.2190.

USDRUB, “US Dollar vs Russian Ruble”

After finishing the descending wave at 74.00, USDRUB is expected to correct towards 75.80. After that, the instrument may form a new descending structure to break 74.00 and then continue trading inside the downtrend with the short-term target at 71.92.

USDJPY, “US Dollar vs Japanese Yen”

After breaking 107.60, USDJPY continue moving downwards to reach 107.15. Later, the market may grow to break 107.60 and then continue trading upwards with the target at 108.05.

USDCHF, “US Dollar vs Swiss Franc”

After completing the ascending wave at 0.9800, USDCHF is correcting downwards to reach 0.9715. after that, the instrument may form one more ascending structure with the target at 0.9850.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still growing. Possibly, the pair may reach 0.6444 and then fall to break 0.6380. After that, the instrument may continue trading downwards with the target at 0.6250.

BRENT

Brent is consolidating around 25.00 without any particular direction. Possibly, the pair may break 23.06 to the downside and then start a new correction to reach 21.10. Later, the market may form one more ascending structure to break 27.00 and then continue trading upwards with the short-term target at 31.00.

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating around 1720.00. Today, the pair may fall towards 1702.88 and then grow to return to 1720.00, thus forming a new consolidation range. If later the price breaks this range to the downside, the market may correct with the target at 1695.50; if to the upside – start another growth to reach 1752.35.

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is moving upwards; it has broken 7600.00 and may continue growing towards 8000.00. Later, the market may start a new correction to reach 7250.00 and then form one more ascending structure with the target at 9000.00.

S&P 500

S&P 500 is moving upwards; it has broken 2845.1 and may continue growing towards 2935.4. after that, the instrument may correct to reach 2680.5 and then start another growth with the target at 3160.2.

XAUUSD, “Gold vs US Dollar”

XAUUSD is trading at 1721.00; 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 1695.00 and then resume moving upwards to reach 1805.00. 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..

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6066; 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 0.6005 and then resume moving upwards to reach 0.6275. 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 0.5945. In this case, the pair may continue falling towards 0.5875.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6459; 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 0.6375 and then resume moving upwards to reach 0.6645. 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 0.6295. In this case, the pair may continue falling towards 0.6210.

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after falling and reaching 23.6% fibo, XAUUSD is moving towards the high at 1747.77. If the price breaks it, the pair may continue its growth to reach the post-correctional extension area between 138.2% and 161.8% fibo at 1798.90 and 1858.60 respectively. At the same time, one should note that the rising impulse was slowed down as it was approaching the high. In this case, there is a high probability of a new descending wave with the targets at 38.2% and 50.0% fibo at 1634.40 and 1599.50 respectively.

In the H1 chart, the convergence made the pair start a new growth towards the high at 1747.77 but the tendency changed. “Black Cross” on MACD indicates a potential decline towards 38.2% fibo at 1634.40.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the pair has broken the upside border of the Triangle pattern. If the price manages to continue this rising impulseю it may grow to reach the high at 0.9901 and then mid-term 76.0% fibo at 0.9982. At the same time, one shouldn’t exclude the possibility that the pair may return to the downside border and then fall towards 61.8% fibo at 0.9453.

In the H1 chart, the divergence made the pair start a new decline, which has already reached 38.2% fibo. The next downside targets may be 50.0% and 61.8% fibo at 0.9697 and 0.9673 respectively. The resistance is the high at 0.9803.

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is testing the support level, where it has formed several reversal patterns, such as Inverted Hammer. We may assume that later the price may rebound from the support level. In this case, the upside target may be at 1.0850. At the same time, there is another scenario, which implies that the price may continue falling to reach 1.0670 without any corrections.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, the pair is still trading inside the horizontal channel. In general, the current market situation isn’t changing much. Probably, the price may continue trading sideways in the nearest future. The downside target remains at 107.05, while the upside one is at 109.00.

EURGBP, “Euro vs. Great Britain Pound”

As we can see in the H4 chart, after returning to the support level, EURGBP continues trading sideways and forming reversal patterns, such as 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 0.8660.