EURUSD, “Euro vs US Dollar”

After breaking the consolidation range to the downside and reaching 1.0774, EURUSD is forming a new consolidation range around 1.0800. If later the price breaks this range to the upside at 1.0816, the market may choose an alternative scenario and start a new correction towards 1.0840; if to the downside – resume falling to break 1.0774 and then continue trading downwards with the target at 1.0733.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has finished the descending wave at 1.2165; right now, it is trying to correct towards 1.2249. After that, the instrument may resume trading inside the downtrend with the target at 1.2144.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has almost completed the correctional “Flag” at 74.47. Possibly, today the pair may fall to break 73.40 and then continue trading inside the downtrend with the short-term target at 72.22.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is expected to correct towards 107.50. After that, the instrument may fall to break 107.10 and then form a new descending structure with the target at 106.60.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9733. Today, the pair may grow to break 0.9744 and then continue trading upwards with the target at 0.9800.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating around 0.6444. According to the main scenario, the price may start another growth to reach 0.6488 and then resume trading downwards with the short-term target at 0.6363.

BRENT

Brent is moving upwards; it has already broken 30.70 to the upside. Possibly, the pair may continue growing to break 32.60 and then start another growth with the target at 36.10.

XAUUSD, “Gold vs US Dollar”

Gold has finished the ascending wave at 1734.50; right now, it is consolidating below this level. If later the price breaks this range to the downside at 1727.00, the market may start a new correction towards 1713.50; if to the upside at 1735.00 – resume growing with the short-term target at 1745.00.

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD has completed the ascending wave at 9900.00. Possibly, today the pair may start another correction to reach 9110.00 and then resume trading upwards with the target at 10300.00.

S&P 500

The Index is consolidating around 2826.2. The main scenario implies that the price fall to break 2790.3 and then continue trading downwards with the short-term target at 2707.7.

EURUSD, “Euro vs. US Dollar”

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

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is consolidating between 3/8 and 5/8. The main scenario implies that the pair may break 4/8 and then continue falling towards the closest support at 3/8. However, this scenario may no longer be valid if the price breaks the resistance at 5/8 to the upside. After that, the instrument may continue growing to reach 6/8.

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 to reach 3/8 from the H4 chart.

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.0802; 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 1.0815 and then resume moving downwards to reach 1.0735. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 1.0860. In this case, the pair may continue growing towards 1.0955.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.2206; 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 1.2230 and then resume moving downwards to reach 1.2065. 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 1.2295. In this case, the pair may continue growing towards 1.2385.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.5991; 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 0.6005 and then resume moving downwards to reach 0.5905. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 0.6065. In this case, the pair may continue growing towards 0.6155.

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after falling towards the support level and forming another reversal pattern, this time Inverted Hammer, EURUSD is starting to reverse. We may assume that later the price may grow towards 1.0910 to continue the ascending tendency. At the same time, there is another scenario, which implies that the price may continue falling to reach 1.0740.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, after reversing and correcting towards the support level, USDJPY has formed an Engulfing pattern and started reversing. The current situation implies that after a slight pullback the asset resume moving upwards. In this case, the upside target may be 108.00.

EURGBP, “Euro vs. Great Britain Pound”

As we can see in the H4 chart, after testing the resistance level and forming a Shooting Star pattern, EURGBP is expected to form a slight correction and resume moving towards the next resistance area. In this case, the upside target may be at 0.8898. Still, one shouldn’t exclude an opposite scenario, which implies that the instrument may return to the support level; the downside target is at 0.8787.