AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, after updating the high, AUDUSD has started a new descending correction. The support is 23.6% fibo at 0.6818. After finishing the pullback, the instrument may start one more rising wave to break the high and then reach 50.0% and 61.8% fibo at 0.6982 and 0.7057 respectively.

In the H1 chart, the price is finishing the descending wave to start a new rising one. The short-term upside targets may be the high at 0.6938 and the post-correctional extension area between 138.2 and 161.8% fibo at 0.6976 and 0.7000 respectively. The local support is at 0.6838.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the bearish tendency has reached 76.9% fibo. The key target is still the low at 1.3042. At the same time, there is a convergence on MACD, which indicates a possible pullback soon. The resistance is 50.0% fibo at 1.3185.

The H1 chart shows more detailed structure of the current descending tendency. As we can see, the pair is trading close 76.0% fibo.

EURUSD, “Euro vs US Dollar”

After completing the ascending structure towards 1.1170 and returning to 1.1140, EURUSD is still moving downwards to reach 1.1123. Possibly, today the pair may test 1.1140 from below and then resume falling with the target at 1.1100.

GBPUSD, “Great Britain Pound vs US Dollar”

After forming a downside continuation pattern and breaking 1.3300, GBPUSD has reached 1.3074. Today, the pair may recover by growing towards 1.3180. If later the price breaks this level to the upside, the market may continue moving upwards with the target at 1.3300.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has broken 0.9817 downwards. Possibly, today the pair may test this level from below and then form a new descending structure towards 0.9790. After that, the instrument may resume the uptrend with the first target at 0.9890.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 109.45. Today, the pair may fall towards 109.13 and then start a new growth to return to 109.45.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached 0.6865; right now, it is consolidating around this level. If later the price breaks this range to the upside at 0.6860, the market may resume moving upwards with the target at 0.6890; if to the downside at 0.6835 – start a new decline towards 0.6810.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 62.45. Possibly, today the pair may fall towards 62.25 and then start another growth to return to 62.45. Later, the market may continue trading inside the downtrend with the target at 62.02.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is consolidating around 1.3160. Today, the pair may expand the range towards 1.3175. Later, the market may start another decline to return to 1.3160 and then form one more ascending structure with the target at 1.3199.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1476.16 without any particular direction. The main scenario implies that the price may expand the range towards 1481.26 and then resume moving downwards with the target at 1465.05.

BRENT

Brent has completed the ascending wave at 66.30; right now, it is correcting downwards to reach 65.55. After that, the instrument may continue the uptrend towards 67.07.

BTCUSD, “Bitcoin vs US Dollar”

After finishing the descending wave at 6840.00, BTCUSD has formed another consolidation range. Possibly, the pair may break this range to the downside and continue trading inside the downtrend with the target at 6500.00. Today, the price is expected to reach the target and then resume moving upwards to test 6840.00 from below.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.6870; 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 0.6855 and then resume moving upwards to reach 0.6980. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6795. In this case, the pair may continue falling towards 0.6695.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6594; 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 0.6570 and then resume moving upwards to reach 0.6695. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6450. In this case, the pair may continue falling towards 0.6365.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3163; 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 1.3195 and then resume moving downwards to reach 1.3025. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 1.3260. In this case, the pair may continue growing towards 1.3345.

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is moving above 5/8. In this case, the price is expected to continue trading upwards to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may resume falling towards the support at 3/8.

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.

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is moving above 5/8. In this case, the price is expected to continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 5/8. After that, the instrument may continue falling to reach the support at 3/8.

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 trading upwards to reach 8/8 from the H4 chart.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the convergence made AUDUSD start a new rising wave to reach the high at 0.6929. If the price breaks it, the uptrend will continue towards the long-term target at 50.0% (0.6985).

The H1 chart shows more detailed structure of the current correctional uptrend, which has already reached 76.0% fibo. Right now, the pair is expected to form a new pullback towards the local support at 50.0% fibo (0.6841).

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the bearish tendency continues. After completing the pullback towards the resistance at 23.6% fibo (13261), USDCAD is forming another descending impulse. The next downside targets may be 61.8% and 76.0% fibo at 1.3151 and 1.3111 respectively. However, the key target is the low at 1.3042.

The H1 chart shows more detailed structure of the current descending tendency. As we can see, the pair is getting close to the target, which is 61.8% fibo at 1.3151.