EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is forming a new rising channel. In the short-term, EURUSD is expected to form a Harami pattern not far from the support level. We may assume that later the price may rebound from the channel’s downside border and resume the ascending tendency. In this case, the upside target may be at 1.0985. At the same time, there is another scenario, which implies that the price may continue falling to reach 1.0787.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, the pair continues trading close to the support level. At the moment, after reversing, USDJPY is correcting towards 107.05. The current situation implies that the price may form several reversal patterns not far from the support level and then resume growing to reach 109.00. However, the scenario according to which the instrument may yet break the horizontal level is possible but rather unlikely.

EURGBP, “Euro vs. Great Britain Pound”

As we can see in the H4 chart, after slowing down at the support level, the pair continues trading sideways and forming reversal patterns, such as Hammer and Doji. We may assume that later EURGBP may break the support level and get back inside the descending channel. In this case, the downside target may be at 0.8660. Still, one shouldn’t exclude an opposite scenario, which implies that the instrument may rebound from the support level and resume growing to reach the upside target at 0.8850.

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is still moving at 1/8. In this case, the pair may continue falling towards the target at 0/8. However, this scenario may no longer be valid if the price breaks 2/8 to the upside. After that, the instrument may continue growing to reach the resistance at 3/8.

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

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is still trading not far from the downside border of the range at 3/8; right now, it is rebounding from this level. The main scenario implies that the pair may resume growing towards the resistance at 3/8. However, this scenario may no longer be valid if the price breaks the support at 3/8 to the downside. After that, the instrument may continue falling to reach 2/8.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards to reach 4/8 from the H4 chart.

EURUSD, “Euro vs US Dollar”

EURUSD is forming a wide consolidation range around 1.0850. After rebounding from the upside border of the range at 1.0890 and forming another descending impulse towards 1.0858, the price is correcting. Possibly, the pair may grow towards 1.0870 and then move downwards to reach 1.0825. After that, the instrument may start another growth towards 1.0858, thus continuing the consolidation range. If later the price breaks this range to the upside, the market may resume growing to reach 1.0900; if to the downside – form a new descending structure with the target at 1.0750.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating around 1.2490. Possibly, the pair may break 1.2460 to the downside and form a new descending impulse to break 1.2400. After that, the instrument may continue trading downwards with the first target at 1.2340.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 73.90 without any particular direction. According to the main scenario, the price is expected to grow towards 75.25 and then resume trading downwards to break 73.15. Later, the market may continue falling with the short-term target at 70.50.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating around 107.70. Possibly, today the pair may break 107.86 to the upside grow with the short-term target at 108.31. After that, the instrument may form a new descending structure to return to 107.86 and then start another growth with the first target at 108.44.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9668. If later the price breaks this range to the downside at 0.9650, the market may resume trading downwards to reach 0.9633; if to the upside at 0.9690 – start a new growth with the short-term target at 0.9736.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.6330. Today, the pair may form one more ascending structure to break 0.6360 and then continue growing towards 0.6390. Later, the market may resume trading downwards with the target at 0.6330.

BRENT

Brent is consolidating around 27.00 without any particular direction. Possibly, today the pair may grow towards 28.44. If later the price breaks this level, the market may continue growing with the first target at 30.86. After that, the instrument may correct to reach 28.50..

XAUUSD, “Gold vs US Dollar”

After completing the third descending wave at 1671.00, Gold has broken the channel of this wave. Possibly, the pair may correct to the upside and test 1705.25 from below. After that, the instrument may resume trading downwards with the target at 1668.00 at least.

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD continues growing towards 7300.00. Possibly, the pair may reach this level and then start a new correction towards 7000.00. Later, the market may form one more ascending structure with the short-term target at 7500.00.

S&P 500

S&P 500 is moving upwards. Possibly, today the par may break 2880.2 and then continue growing to reach 2940.5. Later, the market may start another correction with the target at 2700.7.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the pair is forming an ascending tendency. At the moment, the pair continues reversing after completing a Hammer reversal pattern. The upside target may be at 1.4250. At the same time, there might be another scenario, which implies that the instrument may fall towards the support level at 1.3800.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the pair is still correcting within the ascending tendency. After completing an Engulfing pattern, the price has broken the ascending channel. Possibly, AUDUSD may reverse and resume trading downwards to reach 0.6550. Still, the instrument may choose an opposite scenario and continue trading sideways to test the support level at 0.6280.

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 Doji, 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 0.9783. However, one shouldn’t ignore another scenario, according to which the instrument may fall and return to 0.9600.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6035; 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 0.6055 and then resume moving downwards to reach 0.5775. Another signal to confirm further descending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6125. In this case, the pair may continue growing towards 0.6195. After breaking the cloud’s support level and fixing below 0.5905, the price may resume moving downwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.4087; 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 1.3965 and then resume moving upwards to reach 1.4405. 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 1.3905. In this case, the pair may continue falling towards 1.3805. After breaking the descending channel’s upside border and fixing above 1.4235, the price may resume moving upwards.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 107.83; 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 108.05 and then resume moving downwards to reach 104.85. Another signal to confirm further descending movement is the price’s rebounding from the upside border of a Triangle pattern. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 108.75. In this case, the pair may continue growing towards 109.55. After breaking the downside border of the Triangle pattern and fixing below 106.25, the price may resume moving downwards.

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after updating its previous high, the ascending wave has reached 76.0% fibo. XAUUSD might have continued its growth to reach the post-correctional extension area between 138.2% and 161.8% fibo at 1798.90 and 1858.60 respectively, but there was a divergence on MACD to indicate a тку pullback to the downside. The support remains at the low at 1451.18.

In the H1 chart, the divergence made the pair reverse and start a new decline, which has already reached 23.6% fibo. The next downside targets are 38.2% and 50.0% fibo at 1634.40 and 1599.50 respectively. The resistance is the local high at 1747.77.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the pair continues correcting inside a Triangle pattern. However, the pattern has become so narrow that it can be broken very soon, most likely to the upside. In this case, the price may resume growing to reach its previous 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 pattern may be broken to the downside. After that, USDCHF may fall towards 61.8% fibo at 0.9453.

In the H1 chart, the divergence made the pair stop its pullback at 61.8% fibo and start a new growth, which is currently testing the resistance. In case it breaks the level, the instrument may continue trading upwards to reach local high at 0.9797.

GBPUSD is falling on Monday in anticipation of news and numbers.

The British Pound is getting a little bit weaker against the USD on Monday afternoon. The current quote for the instrument is 1.2470.

The statistics published in the morning showed that the Rightmove HPI lost 0.2% m/m in April after adding 1.0% m/m in March.

This week, the United Kingdom is scheduled to publish a lot of numbers and the Pound will eventually have to respond to them. As early as on Tuesday, the country will report on the labor market. The Unemployment Rate is expected to remain unchanged at 3.9% in February. The Average Earnings Index may add 3.0% 3m/y after expanding by 3.1% 3m/y in the previous period. Another report, the Claimant Count Change, may bring some unpleasant surprises.

Later in the week, market players will be presented with the PPI Input and Output, as well as the CPI and the Core CPI. The RPI is expected to drop from 2.5% y/y in February to 2.3% y/y in March.

Any weak, I mean weaker than expected, report may force the Pound to plunge

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is moving at 1/8. In this case, the pair may continue falling towards the target at 0/8. However, this scenario may no longer be valid if the price breaks 2/8 to the upside. After that, the instrument may continue growing to reach 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 the descending tendency.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is rebounding from the downside border of the range at 3/8. The main scenario implies that the pair is expected to continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may continue falling to reach the support at 2/8.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.