USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has rebounded from 5/8. In this case, the price is expected to resume falling towards the support at 4/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may continue trading upwards to reach the resistance at 6/8.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, after breaking 2/8, USDCAD may is expected to continue growing towards the resistance at 3/8. However, this scenario may no longer be valid if the price breaks 2/8 to the downside. After that, the instrument may move downwards to reach the support at 1/8.

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

EURUSD, “Euro vs US Dollar”

After falling towards 1.0820, EURUSD has completed the ascending structure at 1.0880, thus forming a new consolidation range around 1.0844, which may be considered as a downside continuation pattern. According to the main scenario, the price is expected to start another decline to reach 1.0800 and then resume growing to return to 1.0844. After that, the instrument may form a new descending structure with the target at 1.0750.

GBPUSD, “Great Britain Pound vs US Dollar”

After reaching the target of the third descending wave at 1.2250, GBPUSD is consolidating below this level. Possibly, the pair may grow towards 1.2333 and then resume moving downwards to reach 1.2190. Later, the market may start a new correction with the target at 1.2415.

USDRUB, “US Dollar vs Russian Ruble”

After breaking 75.30 to the upside, USDRUB is still growing. Today, the pair may extend this wave to reach 78.05 and then start a new correction to return to 75.30.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is forming a wide consolidation range around 107.60. Possibly, today the pair may expand the range up to 107.90 and then return to 107.60. After that, the instrument may expand the range again up to 108.07. However, if the price breaks 107.60 to the downside, the market may start another decline to expand the range down to 107.20.

USDCHF, “US Dollar vs Swiss Franc”

After expanding the consolidation range up to 0.9726 and then down to 0.9675, USDCHF is moving not far from 0.9700, right in the middle of the range, which may be considered as an upside continuation pattern. The main scenario implies that the price may break the upside border and reach the first target at 0.9740. However, if the pair breaks the downside border, the market may correct towards 0.9650 and then resume trading upwards to reach the above-mentioned target.

AUDUSD, “Australian Dollar vs US Dollar”

After finishing the descending structure towards 0.6235 and then completing the correction at 0.6352, AUDUSD is expected to continue falling and reach 0.6228. Possibly, the pair may form a downside continuation pattern. After that, the instrument may grow to reach 0.6288 and then resume trading inside the downtrend with the short-term target at 0.6183.

BRENT

Brent is moving downwards. Possibly, the pair may reach 15.70 and then resume growing towards 18.60, thus forming a new consolidation range between these two levels. If later the price breaks 25.00 to the upside, the market may form one more ascending structure with the target at 21.90.

XAUUSD, “Gold vs US Dollar”

After completing the descending wave at 1660.00, Gold is trading upwards with the short-term target at 1694.20. After that, the instrument may correct towards 1682.22 and then form one more ascending structure to reach 1702.70.

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is consolidating above 6800.00. According to the main scenario, the price is expected to grow to break 7000.00 and then continue trading upwards with the target at 7700.00. Later, the market may start a new correction to reach 6800.00.

S&P 500

S&P 500 is still correcting. Possibly, the price may form a new descending structure towards 2681.3 and then start another growth to break 2800.5. After that, the instrument may resume trading inside the uptrend with the short-term target at 2927.6.

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after testing the support level and forming several reversal patterns, such as Long-Legged Doji, Gold is reversing. After completing the correction, the pair may resume the ascending tendency with the target at 1750.00. At the same time, the instrument may choose an opposite scenario and form a pullback towards 1663.50.

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. Possibly, the pair may later resume trading upwards to reach the upside target at 0.6092. Still, one shouldn’t exclude another scenario, which says that the instrument may fall and return to 0.5900.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, the pair is testing another support level, where it earlier formed several reversal patterns, such as Inverted Hammer. At the moment, the pair is reversing and may later resume growing with the target at 1.2440. However, there is another scenario, which implies that the instrument may fall towards 1.2222.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.2294; 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 1.2345 and then resume moving downwards to reach 1.2135. 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 1.2425. In this case, the pair may continue growing towards 1.2505.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.4212; 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 1.4175 and then resume moving upwards to reach 1.4345. 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 1.4085. In this case, the pair may continue falling towards 1.4005.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading at 77.21; 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 75.95 and then resume moving upwards to reach 78.95. 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 73.65. In this case, the pair may continue falling towards 72.85.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, the divergence made the pair start a new decline, which may be considered as a descending correction. At the same time, one should realize that only a decline towards the low at 1.1409 and a breakout of this level may really force a trend reversal. If the price breaks the low at 1.1409, the instrument may continue falling towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.1365 and 1.0996 respectively. After finishing the correctional downtrend, the price may resume trading upwards to reach the local high at 1.2648 and then 50.0% and 61.8% fibo at 1.2892 and 1.3242 respectively.

The H1 chart shows a more detailed structure of the current correction. The pair is approaching 38.2% fibo at 1.2175 and may later reach 50.05% fibo at 1.2030. The resistance is the high at 1.2648. MACD lines are directed downwards, thus indicating further decline.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, EURJPY is slowing and steadily falling towards its key lows at 116.13 and 115.85. If these levels are broken, the instrument may continue trading towards the post-correctional extension area between 138.2% and 161.8% fibo at 113.20 and 111.55 respectively. The price may yet try to reach 76.0% fibo at 121.25, but this scenario is rather unlikely.

In the H1 chart, the local convergence made the pair start a new correctional uptrend, which has already reached 23.6% fibo. The next upside targets may be 38.2%, 50.0%, and 61.8% fibo at 117.30, 117.63, and 117.96 respectively. The support is the low at 116.22.

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, after breaking 2/8, AUDUSD is moving below this level. In this case, the pair is expected to continue falling to reach the support at 1/8. However, this scenario may be canceled if the price breaks 2/8 to the upside. After that, the instrument may continue growing towards the resistance at 3/8.

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.

NZDUSD, “New Zealand Dollar vs US Dollar”

In the H4 chart, after rebounding from the resistance at 1/8, NZDUSD is expected to resume falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 1/8 to the upside. After that, the instrument may continue growing towards the resistance at 2/8.

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.

EURUSD, “Euro vs US Dollar”

After breaking 1.0844 to the downside, EURUSD is still forming the fifth descending wave with the short term target at 1.0810. After that, the instrument may start another correction to return to 1.0844 and then resume falling inside the downtrend to reach 1.0792.

GBPUSD, “Great Britain Pound vs US Dollar”

After breaking 1.215 to the downside, GBPUSD is still moving downwards with the short-term target at 1.2355. Later, the market may correct to return to 1.2415 and then form a new descending structure towards 1.2290.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is growing towards 75.50. Possibly, the pair may reach this level and then start a new decline to break 73.80. After that, the instrument may continue trading inside the downtrend to reach 68.50. However, if the price rebounds from 73.80 and then breaks 75.50 to the upside, the market may continue moving upwards with the target at 77.30.

USDJPY, “US Dollar vs Japanese Yen”

After breaking 107.60 to the downside, USDJPY is expected to continue falling with the short-term target at 107.33. After that, the instrument may form one more ascending structure to return to 107.60 and then start another decline with the target at 107.17.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has broken 0.9700 to the upside. Possibly, the pair may continue growing to reach 0.9741 and then start another correction to return to 0.9700. Later, the market may form one more ascending structure with the target at 0.9750.

AUDUSD, “Australian Dollar vs US Dollar”

After breaking 0.6315 to the downside, AUDUSD is expected to continue falling towards 0.6235. After that, the instrument may consolidate. If later the price breaks this range to the downside, the market may continue trading inside the downtrend with the short-term target at 0.6100.

BRENT

Brent is moving downwards. If later the price breaks 25.00 to the downside, the market may continue falling 21.60; if 26.30 to the upside – form one more ascending structure with the target at 28.60 and then start a new consolidation range.

XAUUSD, “Gold vs US Dollar”

Gold continues trading upwards to reach 1702.70. After that, the instrument may form a new descending structure towards 1662.75 and then resume growing to return to 1702.70.

BTCUSD, “Bitcoin vs US Dollar”

After finishing the descending correction at 6850.00, BTCUSD is expected to grow towards 7100.00, thus forming a new consolidation range between these two levels. If later the price breaks this range to the upside, the market may resume trading upwards to break 7222.00 and then continue its growth to reach 7700.00; if to the downside – continue the correction with the target at 6450.00.

S&P 500

After completing the correction at 2800.6, S&P 500 is expected to form one more ascending structure towards 2870.5, thus forming a new consolidation range between these two levels. If later the price breaks this range to the upside, the market may resume trading inside the uptrend to reach 2927.6; if to the downside – continue the correction with the target at 2681.3.

XAUUSD, “Gold vs US Dollar”

XAUUSD is trading at 1689.00; 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 1675.00 and then resume moving upwards to reach 1775.00. 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 1645.00. In this case, the pair may continue falling towards 1605.00. After breaking the descending channel’s upside border and fixing above 1710.00, the price may resume moving upwards.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.2406; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.2510 and then resume moving downwards to reach 1.1935. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes below 1.2545. In this case, the pair may continue growing towards 1.2655. After breaking the rising channel’s downside border and fixing below 1.2335, the price may resume moving downwards.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6312; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the support level at 0.6270 and then resume moving upwards to reach 0.6555. Another signal to confirm further ascending movement is the price’s rebounding from the downside border of the Triangle pattern. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6180. In this case, the pair may continue falling towards 0.6095. After breaking the upside border of the Triangle pattern and fixing above 0.6375, the price may resume moving upwards.

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, EURUSD continues consolidating and this range is getting narrower; it is heading towards 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 1.0505 and 1.0334 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.

In the H1 chart, the descending wave corrected the previous uptrend by 76.0%. Later, there was a local convergence, which forced the pair to start a new growth, which has already reached 50.0% fibo. If the price fails to break the low at 1.0812 and then reach 1.0768 and 1.0758, the instrument may resume growing towards 61.8% and 76.0% fibo at 1.1002 and 1.1056 respectively.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY continues consolidating around 38.2% fibo. The next descending wave may be heading towards 50.0%, 61.8%, and 76.0% fibo at 106.44, 105.20, and 103.70 respectively. The resistance remains at the high at 111.71.

In the H1 chart, the convergence made the pair start a new correctional uptrend, which has already reached 38.2% fibo. The price may yet continue growing to reach 50.0% and 61.8% fibo at 108.16 and 108.44 respectively, but a more likely scenario implies further decline towards the low at 106.93.