USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, is consolidating at 4/8. In this case, the price 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 trading downwards to reach the support at 2/8.

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 moving upwards.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is no longer moving inside the “oversold area”. In this case, the pair is expected to continue growing towards the resistance at 2/8. However, this scenario may no longer be valid if the price breaks 0/8 to the downside. After that, the instrument may move downwards to reach the support at -1/8.

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

EURUSD, “Euro vs US Dollar”

After completing the descending impulse at 1.0918, EURUSD is correcting towards 1.0946. Possibly, today the pair may reach this level and then form a new descending structure to break 1.0909. Later, the market may continue trading inside the downtrend with the short-term target at 1.0870.

GBPUSD, “Great Britain Pound vs US Dollar”

After finishing the descending impulse at 1.2235, GBPUSD has completed the correction towards 1.2275. Today, the pair may start another decline to break 1.2222 and then continue trading downwards with the short-term target at 1.2184.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB continues falling towards 72.00. Possibly, the pair may reach it and then start another correction towards 73.00. Later, the market may resume trading inside the downtrend with the target at 71.30.

USDJPY, “US Dollar vs Japanese Yen”

After finishing the descending impulse at 107.62 along with the correction towards 107.93, USDJPY is expected to fall and break 107.52. After that, the instrument may continue falling with the short-term target at 107.08.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is falling towards 0.9696. Possibly, the pair may reach this level and then start a new growth towards 0.9715, 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 with the target at 0.9750.

AUDUSD, “Australian Dollar vs US Dollar”

After completing the descending impulse at 0.6525 along with the correction towards 0.6555, AUDUSD is expected to form one more descending impulse to break 0.6520. Later, the market may continue trading inside the downtrend with the short-term target at 0.6494.

BRENT

Brent is still consolidating around 35.00. Possibly, the pair may fall towards 34.00. If later the price breaks this range to the upside, the market may resume trading upwards to reach 39.00; if to the downside – start another correction with the target at 32.00.

XAUUSD, “Gold vs US Dollar”

After breaking 1740.20, Gold has reached 1750.00. Possibly, today the pair may start another correction to return to 1740.20 and test it from below. After that, the instrument may form one more ascending structure with the target at 1755.00.

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is consolidating in the center of the range around 9600.00. Possibly, the pair may fall towards 9400.00 and then continue trading upwards with the target at 10150.00.

S&P 500

The Index is correcting towards 2901.5. Later, the market may form one more ascending structure with the target at 3012.3.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6548; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6520 and then resume moving upwards to reach 0.6625. Another signal is favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.6465. In this case, the pair may continue falling towards 0.6380.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3921; 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 1.3965 and then resume moving downwards to reach 1.3805. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.4025. In this case, the pair may continue growing towards 1.4105.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 107.76; 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 107.65 and then resume moving upwards to reach 108.45. Another signal is favor of further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 106.25. In this case, the pair may continue falling towards 105.35. To confirm further growth, the asset must break the upside border of the Triangle pattern and fix above 108.05.

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after growing towards the resistance level and forming a Shooting Star pattern, EURUSD has almost reversed. We may assume that later the price may continue growing towards 1.1005 to continue the ascending tendency. At the same time, there is another scenario, which implies that the price may fall to return to 1.0824.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, the pair is testing the resistance level. After forming a Shooting Star pattern, USDJPY is starting to reverse. The current situation implies that after a slight pullback the asset resume moving upwards. In this case, the upside target may be 108.40.

EURGBP, “Euro vs. Great Britain Pound”

As we can see in the H4 chart, after testing the resistance level and forming a Harami pattern, EURGBP is expected to reverse and continue moving towards the next resistance area. In this case, the upside target may be at 0.8980. Still, one shouldn’t exclude an opposite scenario, which implies that the instrument may return to the support level; the downside target is at 0.8856.

GBPUSD, “Great Britain Pound vs US Dollar”

As we see in the H4 chart, after breaking 38.2% fibo, the descending correctional wave has failed to reach 50.0% fibo at 1.2030. The current growth may be considered as a new correction. Possibly, the pair may form another descending wave towards 50.0% and 61.8% fibo at 1.2030 and 1.1881 respectively. After completing this correction, the price is expected to start a new rising wave to reach the high at 1.2648.

The H1 chart shows a new ascending correction after the convergence on MACD, which has already reached 38.2%. In the nearest future, the pair may form a slight pullback, after which the instrument may continue growing towards 50.0% and 61.8% fibo at 1.2357 and 1.2424 respectively. the support is the low at 1.2072.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, EURJPY broke the resistance at 117.54, which may indicate the mid-term trend reversal. Another signal in favor of a new rising movement was a convergence on MACD. The current growth may be considered as an ascending correction. The price has already reached 38.2% fibo and may later continue moving towards 50.0% and 61.8% fibo at 118.63 and 119.63 respectively. The support is the low at 114.40.

The H1 chart shows more detailed structure of the current ascending tendency after the convergence on MACD. After reaching 38.2% fibo, the pair is trying to fix above it for further stable growth.