EURUSD, “Euro vs US Dollar”

After finishing the fifth ascending wave at 1.0970, EURUSD is consolidating close to this level. According to the main scenario, the price is expected to expand the range down to 1.0910 and then grow towards 1.0940. After that, the instrument may form a new descending structure to break 1.0910 and then continue trading inside the downtrend with the first target at 1.0847.

GBPUSD, “Great Britain Pound vs US Dollar”

After completing the fifth ascending wave at 1.2638, GBPUSD is forming the first descending impulse towards 1.2525. Later, the market may form one more ascending structure to reach 1.2585 and then resume trading downwards with the first target at 1.2410.

USDRUB, “US Dollar vs Russian Ruble”

After finishing the correction at 74.10 to the downside, USDRUB is expected to resume growing towards 74.45. After that, the instrument may start a new decline with the short-term target at 72.00 and then form one more ascending structure to reach 73.10. Later, the market may resume trading downwards with the first target at 71.30.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the third ascending structure at 107.44. The main scenario implies that the price may correct towards 106.91 and then form one more ascending structure with the first target at 107.55.

USDCHF, “US Dollar vs Swiss Franc”

After breaking the previous consolidation to the downside and then reaching 0.9660, USDCHF is forming a new consolidation range near the lows. Today, the pair may start another growth to break 0.9686 and then continue trading upwards with the target at 0.9733.

AUDUSD, “Australian Dollar vs US Dollar”

After finishing the descending impulse at 0.6494 along with the correction, AUDUSD has broken the low of this impulse; right now, it is still falling with the short-term target at 0.6430. After that, the instrument may form one more ascending structure to test 0.6494 from below and then start a new decline with the first target at 0.6410.

BRENT

After breaking 27.00 to the upside, Brent is expected to continue growing towards 32.02. After that, the instrument may correct to return to 27.00 and test it from above. Later, the market may resume trading upwards with the short-term target at 38.18.

XAUUSD, “Gold vs US Dollar”

After completing the fifth descending correctional wave at 1677.77, Gold has formed the ascending impulse towards 1692.52; right now, it is consolidating. Possibly, the pair may break the top of the first impulse to the upside and then continue growing with the first upside target at 1714.94.

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is forming the first descending impulse towards 8300.00. After that, the instrument may correct to reach 8860.00 and then start a new decline with the short-term target at 7994.00.

S&P 500

After finishing the third ascending wave at 2971.5, S&P 500 is correcting with the target at 2691.5. Later, the market may form the fifth ascending structure towards 3160.3.

XAUUSD, “Gold vs US Dollar”

XAUUSD is trading at 1670.00; 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 1697.00 and then resume moving downwards to reach 1610.00. Another signal to confirm further descending movement is the price’s rebounding from the downside border of the Triangle pattern. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 1720.00. In this case, the pair may continue growing towards 1765.00.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading at 1.2558; 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 1.2530 and then resume moving upwards to reach 1.2705. Another signal in favor of further ascending movement is the price’s rebounding from the rising channel’s downside border. However, the scenario that implies further growth may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.2425. In this case, the pair may continue falling towards 1.2335.

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.0951; 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 1.0890 and then resume moving upwards to reach 1.1025. 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 1.0825. In this case, the pair may continue falling towards 1.0745.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the ascending tendency continues. At the moment, after forming a Hammer pattern not far from the support level, USDCAD is trying to reverse. The upside target may be at 1.4090. At the same time, there might be another scenario, which implies that the instrument may fall return to the support level at 1.3865.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD continue correcting within the ascending tendency. After completing a Harami pattern not far from the resistance level, the price has almost reversed. Later, the pair may rebound from the channel’s downside border and resume trading upwards. In this case, the upside target may be at 0.6620. Still, the instrument may choose an opposite scenario and continue the pullback and test 0.6380.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the pair continues falling. By now, USDCHF has formed several reversal patterns, such as Shooting Star, near the resistance level. The current situation suggests that after reversing the pair may continue the descending tendency. In this case, the downside target may be at 0.9600. Later, the market may rebound from this level and start a new growth to reach 0.9762.

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the H4 chart, the asset is forming a stable rising tendency and has already reached 76.0% fibo. At the same time, the MACD indicator is forming a divergence, which hints at possible reversal or a pullback. The support is 61.8% fibo at 8000.00. A breakout of this level will be another signal in favor of the trend reversal. However, if the current tendency continues, the next rising impulse may be heading towards the fractal resistance at 10505.60.

In the H1 chart, the descending impulse has reached 50.0% fibo and may yet continue towards 61.8% fibo at 8266.20. If the pair continues moving upwards, the next short-term target will be the high at 9471.10.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the H4 chart, after breaking the previous high, another rising impulse has reached 61.8% fibo. The next upside target is 76.0% fibo at 241.10. However, considering the divergence on MACD, the pair may reverse soon. The support is 50.0% fibo at 189.60. A breakout of this level will be the key signal in favor of the trend reversal.

In the H1 chart, the price is correcting downwards to reach 38.2% fibo and may later form a new descending impulse towards 50.0% fibo at 197.12. Still, the target of the next rising impulse will be the high at 227.46.

The major currency pair is stable on Friday morning; the 1st day of May will barely be volatile.

Last night, EURUSD reached its two-week highs and will try to keep the positive momentum. The current quote for the instrument is 1.0947.

Yesterday, there was a meeting of the European Central Bank, where the regulator left its monetary policy intact. The key interest rate remained at 0%a and the deposit one at -0.50%. However, no changes were anticipated: the ECB continues working on the QE more actively than expected, so it hurlы all effort into it.

The statistics from the USA turned out to be worse than expected. The Unemployment Claims showed 3.839M against the expected reading of 3.5M. Last week’s number was revised downwards to 4.442M.

The Personal Spending lost 7.5% m/m in March after adding 0.2% m/m in February and against the expected reading of -4.8% m/m. The Personal Income, in its turn, dropped by 2.0% m/m after increasing by 0.6% m/m the month before and against market expectations of -1.6% m/m.

Most likely, April reports on these indicators will be much worse, by 8-10% and 3-5% respectively.

There are no interesting numbers from Europe today as many countries have a holiday. Still, the USA is scheduled to report on the ISM Manufacturing PMI, which is expected to go from 49.1 points in March to 36.7 points in April.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the ascending tendency continues. At the moment, after forming a Hammer pattern not far from the support level, USDCAD is trying to reverse. The upside target may be at 1.4090. At the same time, there might be another scenario, which implies that the instrument may fall return to the support level at 1.3865.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD continue correcting within the ascending tendency. After completing a Harami pattern not far from the resistance level, the price has almost reversed. Later, the pair may rebound from the channel’s downside border and resume trading upwards. In this case, the upside target may be at 0.6620. Still, the instrument may choose an opposite scenario and continue the pullback and test 0.6380.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the pair continues falling. By now, USDCHF has formed several reversal patterns, such as Shooting Star, near the resistance level. The current situation suggests that after reversing the pair may continue the descending tendency. In this case, the downside target may be at 0.9600. Later, the market may rebound from this level and start a new growth to reach 0.9762.

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the H4 chart, the asset is forming a stable rising tendency and has already reached 76.0% fibo. At the same time, the MACD indicator is forming a divergence, which hints at possible reversal or a pullback. The support is 61.8% fibo at 8000.00. A breakout of this level will be another signal in favor of the trend reversal. However, if the current tendency continues, the next rising impulse may be heading towards the fractal resistance at 10505.60.

In the H1 chart, the descending impulse has reached 50.0% fibo and may yet continue towards 61.8% fibo at 8266.20. If the pair continues moving upwards, the next short-term target will be the high at 9471.10.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the H4 chart, after breaking the previous high, another rising impulse has reached 61.8% fibo. The next upside target is 76.0% fibo at 241.10. However, considering the divergence on MACD, the pair may reverse soon. The support is 50.0% fibo at 189.60. A breakout of this level will be the key signal in favor of the trend reversal.

In the H1 chart, the price is correcting downwards to reach 38.2% fibo and may later form a new descending impulse towards 50.0% fibo at 197.12. Still, the target of the next rising impulse will be the high at 227.46.

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after testing the channel’s downside border, XAUUSD has formed several reversal patterns, such as Doji. At the moment, the pair is reversing. In this case, the upside target may be at 1750.00. At the same time, the instrument may choose an opposite scenario and continue trading upwards only after the correction towards 1680.00.

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 Engulfing pattern, NZDUSD is reversing. In this case, the upside target may be at 0.6188. Still, one shouldn’t exclude another scenario, which says that the instrument may continue the ascending tendency only after finishing the correction towards 0.6065.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, after testing the channel’s downside border, GBPUSD has formed several reversal patterns, such as Inverted Hammer. At the moment, the pair is moving inside the rising channel and reversing. Later, the market may resume the ascending tendency with the target at 1.2555. However, there is another scenario, which implies that the instrument may correct towards 1.2400 before resuming its growth