XAUUSD, “Gold vs US Dollar”

In the H4 chart, a local convergence on MACD made the pair corrected and then started consolidating. This consolidation may warn about a new impulse movement. If the price breaks this consolidation channel to the upside, the asset may form a proper rising wave towards 76.0% fibo at 2000.00. Another scenario implies that the asset may break the channel downwards to reach the low at 1764.36, a breakout of which will lead to a further long-term downtrend towards 38.2% at 1725.37.

The H1 chart shows a more detailed structure of the consolidation range. At the moment, the price is moving between 23.6% and 38.2% fibo. In the short-term, the asset may continue growing towards 50.0% and 61.8% fibo at 1880.55 and 1899.10 respectively. the local support is the low at 1801.79.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the daily chart, after testing the post-correctional extension area between 138.2% and 161.8% fibo at 0.8886 and 0.8816 respectively, USDCHF is forming a new rising wave that may transform into a proper uptrend. In the mid-term, this growth may be heading towards 23.6%, 38.2%, and 50.0% fibo at 0.9106, 0.9322, and 0.9495 respectively.

The H1 chart shows a more detailed structure of the correctional trend. The asset is approaching 50.0% fibo at 0.8975 and may later continue growing 61.8% and 76.0% fibo at 0.9026 and 0.9087 respectively. The support is the low at 0.8757.

AUDUSD is slightly growing early in February but remains weak fundamentally.

The Australian dollar is trying to recover at least a little bit against the USD but it won’t be efficient without a good catalyst. The current quote for the instrument is 0.7651.

This week, Australia is scheduled to report on a lot of important macroeconomic indicators, which may significantly influence the national currency’s direction. It will be tough to fight the pressure from the “greenback” but the Aussie deserves a shot at it at least.

Earlier this morning, Australia published the AIG Manufacturing Index report for December, which showed 55.3 points after being 52.1 points the month before. It’s a quite significant improvement given Australia, just like many other export-oriented manufacturers, is constantly facing low consumer demand.

On Tuesday, the Reserve Bank of Australia will have another meeting, which is expected to be calm and quiet, in theory. The regulator is still assessing the economic climate and the health of the labor market before making any important decisions. The benchmark rate is highly likely to remain unchanged at 0.10%. The comments that will follow the meeting may contain the regulator’s estimations of the employment sector, as well as information about trade and economic relations with China, Australia’s key partner.

The more neutral the meeting results, the better for the Aussie.

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.2130; 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 1.2145 and then resume moving downwards to reach 1.1995. Another signal in favor of a further downtrend will be a rebound from the upside border of the Triangle pattern. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 1.2160. In this case, the pair may continue growing towards 1.2255. To confirm further decline, the asset must break the support area and fix below 1.2045.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7657; 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 0.7665 and then resume moving downwards to reach 0.7515. Another signal in favor of a 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 0.7760. In this case, the pair may continue growing towards 0.7845. To confirm further decline, the asset must break the descending channel’s downside border and fix below 0.7540.

ETHUSD, “Ethereum vs US Dollar”

ETHUSD is trading at 1326.70; 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 1290.00 and then resume moving upwards to reach 1570.00. Another signal in favor of a further uptrend is a rebound from the downside border of a Triangle pattern. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1205.00. In this case, the pair may continue falling towards 1065.00. To confirm further growth, the asset must break the pattern’s upside border and fix above 1455.00.

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after rebounding from 3/8, EURUSD is moving below the consolidation range. In this case, the price is expected to break 2/8 and then continue falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue trading upwards to reach the resistance at 4/8.

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

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is above the 200-day Moving Average within the “overbought area”, thus indicating an ascending tendency. In this case, the price is expected to break +1/8 and then continue growing towards the resistance at +2/8. However, this scenario may no longer be valid if the price breaks the support at 8/8 to the downside. After that, the instrument may continue falling and reach 7/8.

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

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, the metal is still trading sideways. Right now, after forming several reversal patterns, such as Engulfing, close to the horizontal resistance level, XAUUSD is reversing and may resume falling towards the support area. In this case, the downside target will be at 1800.00. At the same time, an opposite scenario implies that the price may continue its growth towards 1890.00 before falling to reach the support area.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, the pair is still moving upwards. Right now, after forming several reversal patterns, such as Engulfing, close to the support level, NZDUSD is reversing. Later, the asset may grow and reach the resistance area at 0.7275. However, an alternative scenario implies that the price may continue falling towards 0.7120 before further growth.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, the uptrend continues. Right now, after forming an Engulfing pattern not far from the support area, GBPUSD is reversing. In this case, the upside target is the resistance level at 1.3820. After that, the instrument may correct to the downside from the resistance area and then resume moving upwards. Still, there might be an alternative scenario, according to which the asset may correct to reach 1.3645 before resuming its growth.

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after rebounding from 3/8, EURUSD is moving below the consolidation range. In this case, the price is expected to break 2/8 and then continue falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue trading upwards to reach the resistance at 4/8.

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

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is above the 200-day Moving Average within the “overbought area”, thus indicating an ascending tendency. In this case, the price is expected to break +1/8 and then continue growing towards the resistance at +2/8. However, this scenario may no longer be valid if the price breaks the support at 8/8 to the downside. After that, the instrument may continue falling and reach 7/8.

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

EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.2155. Possibly, today the pair may expand the range up to 1.2162 and then fall with the target at 1.2044. Later, the market may start a new growth to break 1.2160 and then continue trading upwards to reach 1.2284.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is forming the ascending wave towards 1.3750. Today, the pair may reach this level and then consolidate below it. If later the price breaks this range to the upside, the market may form one more ascending structure to reach 1.3820; if to the downside – resume trading downwards with the target at 1.3587.

USDRUB, “US Dollar vs Russian Ruble”

After reaching the short-term upside target at 76.40 and then completing the correction at 75.00, USDRUB is expected to return to 75.90 and then consolidate around the latter level. If later the price breaks this range to the upside, the market may form one more ascending structure to reach 76.90; if to the downside – start a new decline to break 75.00 and then continue trading downwards with the target at 73.00.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has reached the short-term upside target at 104.88; right now, it is consolidating below this level. Possibly, the pair may break the range to the downside to reach 104.25 and then start another growth towards 105.20. After that, the instrument may form a new descending structure with the target at 103.33.

USDCHF, “US Dollar vs Swiss Franc”

After completing the ascending wave at 0.8900, USDCHF has formed a new consolidation range around this level. If later the price breaks this range to the upside, the market may form one more ascending structure to reach 0.8930; if to the downside – start a new decline to break 0.8880 and then continue trading downwards with the target at 0.8830.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.7650. Today, the pair may resume trading downwards to reach 0.7550 and then start another growth with the target at 0.7700.

BRENT

Brent is still consolidating around 55.15 without any particular direction. Possibly, the asset may fall to complete the correction at 54.10 and then form one more ascending structure with the target at 56.50.

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating around 1851.30. Possibly, the metal may break the range to the downside and resume trading downwards with the target at 1827.00. Later, the market may form one more ascending structure to reach 1851.40.

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is consolidating around 34000.00, Later, the market may break this range to the downside to reach 26600.00 and then resume growing with the target at 40400.00.

S&P 500

After finishing the descending wave at 3720.2, the S&P index is consolidating around this level. Possibly, the asset may break the range to the downside and fall with the short-term target at 3606.0. After that, the instrument may start a new correction towards 3720.0.

BTCUSD, “Bitcoin vs US Dollar”

In the H4 chart, after several correctional waves to the downside, BTCUSD is trying to form a sideways channel. Later, the market may break this channel upwards to reach the high at 42017.50 and then continue growing towards the post-correctional extension area between 138.2% and 161.8% fibo at 47080.00 and 50213.00 respectively However, an alternative scenario suggests that the channel may be broken downwards. In this case, the asset may try to reach 38.2%, 50.0%, and 61.8% fibo at 27480.00, 22970.00, and 18507.00 respectively again.

The H1 chart shows a new rising wave and the price is re-testing 38.2% fibo. If the price reaches 50.0%, 61.8%, and 76.0% fibo at 35430.00, 37000.00, and 38870.00 respectively, it will be a signal to confirm further growth. On the other hand, a breakout of the low at 28812.50 may hint at a further mid-term correction to the downside.

The H4 chart shows a new correctional wave to the downside after a divergence on MACD, which is heading towards 23.6% fibo at 1146.24. Later, ETHUSD may continue falling to reach 38.2%, 50.0%, and 61.8% fibo at 943.74, 778.63, and 615.08 respectively. The resistance is the new all-time high at 1476.46.

4-часовой таймфрейм Эфириума (Ethereum) демонстрирует развитие новой волны коррекционного спада после обновления последнего максимума и дивергенции. Снижение нацелено на уровень 23,6% по Фибоначчи (1146,24). Дальнейшее снижение может быть направлено к уровням 38,2% (943,74), 50,0% (7778,63) и 61,8% (615,08). Сопротивлением служит новый исторический максимум – 1476,46.

As we can see in the H1 chart, the pair is correcting after completing the descending wave and has already reached 61.8% fibo. Later, the price may continue growing towards 76.0% fibo at 1411.52. The correction may transform into a proper rising wave and update the high. A breakout of the local low at 1207.60 may hint at a further mid-term downtrend.