USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the asset is correcting. After forming a Harami pattern close to the resistance level, USDCAD may reverse and form a new pullback towards the channel’s downside border. In this case, the correctional target may be the support area at 1.2610. However, an alternative scenario implies that the asset may continue growing to reach 1.2790 without testing the support area.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, while testing the channel’s upside border, AUDUSD has formed several reversal patterns, such as Harami. At the moment, the asset is reversing. In this case, the downside target may be at 0.7155. At the same time, an opposite scenario implies that the price may return to the resistance area at 0.7275 first and then resume trading downwards.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the asset is finishing another correction. By now, the pair has formed several reversal patterns, for example, Hammer and Harami, close to the channel’s downside border. At the moment, USDCHF is reversing and may later grow towards the resistance level. In this case, the upside target may be at 0.9220. Still, there might be an alternative scenario, according to which the asset may correct towards 0.9130 first and then resume trading upwards.

EURUSD, “Euro vs US Dollar”

After rebounding from 1.1777 and finishing the first descending impulse at 1.1741, EURUSD is correcting to the upside to reach 1.1763, thus forming a new consolidation range around 1.1754. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 1.1720; if to the upside – form one more ascending structure towards 1.1788 and then start a new decline to reach the above-mentioned target.

GBPUSD, “Great Britain Pound vs US Dollar”

After rebounding from 1.3767 and completing the descending impulse at 1.3680, GBPUSD is forming a new consolidation range around 1.3690. If later the price breaks this range to the downside, the market may fall to reach 1.3650; if to the upside – correct to test 1.3727 from below and then resume trading within the downtrend with the target at 1.3600.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has finished another ascending structure at 74.45; right now, it is consolidating below this level. Possibly, today the pair may break this range to the downside and resume trading downwards to break 73.80. After that, the instrument may continue falling with the target at 72.88.

USDJPY, “US Dollar vs Japanese Yen”

After rebounding from 110.20, USDJPY is trading downwards to reach 109.50. Possibly, the pair may break the latter level and then continue moving within the downtrend with the short-term target at 108.96.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has finished the ascending structure at 0.9166; right now, it is consolidating around this level. Today, the pair may fall towards 0.9161 and then resume growing to break 0.9191. After that, the instrument may continue trading upwards with the short-term target at 0.9222.

AUDUSD, “Australian Dollar vs US Dollar”

After rebounding from 0.7277, AUDUSD continues falling towards 0.7207. Later, the market may grow to reach 0.7234 and then resume trading within the downtrend with the target at 0.7070.

BRENT

After rebounding from 72.00 and finishing the correctional structure at 70.25, Brent is growing towards 72.22 and may later start a new correction to return to 70.25. If the price breaks the latter level to the downside, the market may resume trading downwards to reach 68.60 and then form one more ascending structure with the target at 75.00. On the other hand, the asset may grow to break 72.22 and then continue moving upwards to reach the above-mentioned target.

XAUUSD, “Gold vs US Dollar”

After completing the correction at 1780.80 and rebounding from this level, Gold is still moving upwards to reach 1812.82. Later, the market may start a new correction with the target at 1750.00.

S&P 500

After finishing the descending structure at 4468.2, the S&P index is moving upwards to reach 4484.0. if later the price breaks the latter level to the upside, the market may continue trading upwards to reach 4515.5. On the other hand, if the asset falls and breaks 4468.0, the instrument may form one more descending structure with the target at 4380.0.

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1761; 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 1.1730 and then resume moving upwards to reach 1.1875. Another signal in favor of a further uptrend will be a rebound from the descending channel’s upside border. However, the bullish scenario may be cancelled if the price breaks the cloud’s downside border and fixes below 1.1675. In this case, the pair may continue falling towards 1.1585.

GBPAUD, “Great Britain Pound vs Australian Dollar”

GBPAUD is trading at 1.8897; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.8925 and then resume moving downwards to reach 1.8745. Another signal in favor of a further downtrend will be a rebound from the upside border of a Triangle pattern. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.9105. In this case, the pair may continue growing towards 1.9205. To confirm further decline, the asset must break the pattern’s downside border and fix below 1.8875.

AUDCAD, “Australian Dollar vs Canadian Dollar”

AUDCAD is trading at 0.9186; 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 0.9165 and then resume moving upwards to reach 0.9275. Another signal in favor of a further uptrend will be a rebound from the descending trendline. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.9125. In this case, the pair may continue falling towards 0.9095. To confirm further growth, the asset must break the resistance level and fix above 0.9230, thus completing the formation of a Double Bottom reversal pattern.