EURUSD, “Euro vs US Dollar”
After correction to the level of 1.0888, and then breaking through 1.0858 towards the downside, the EURUSD pair continued its downward movement. Perhaps, the pair may continue to fall, reaching 1.0828. After that the instrument can start another correction for testing 1.0858 from below and then resume trading within the downtrend with the target of 1.0799.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed the upward movement. Now it is consolidating around 1.3034. If later the price breaks this range downward, the instrument may start a new correction to break through 1.3000, and then continue to trade down with the target at 1.2944.
USDCHF, “US Dollar vs Swiss Franc”
After breaking 0.9784 up, the USDCHF later tested this level from above. The main scenario implies that the pair can continue to trade up to reach 0.9809. After that, the instrument can start a new correction in the direction of the level of 0.9794, and then form another upward direction with the target of 0.9828.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY completed the downward impulse to 109.61. Now the price is rising to reach the level of 109.90. Later, the market may form a new downward movement to 109.75, thereby forming a new range of consolidation between the two levels. If later the price breaks this range downward, the instrument may begin another decline to 109.25; if up – form another upward movement with the target at 110.22.
AUDUSD, “Australian Dollar vs US Dollar”
After completing the correction at 0.6742, AUDUSD broke through the correction channel down. Perhaps, the pair will trade down to break the level of 0.6703 and then continue to fall with the short-term target at 0.6680.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB completed the downward impulse at 62.91. Today the pair can form a new downward momentum to breakdown level of 62.81 and then continue to trade within the downtrend with a short-term target at 61.88.
USDCAD, “US Dollar vs Canadian Dollar”
After the completion of the downward impulse to 1.3235, USDCAD broke the channel of this impulse up. Perhaps, the pair may rise to 1.3292, and then fall and return to 1.3264, forming a new consolidation range between these two levels. If later the price moves out of this range towards the downside, the instrument may start a new decline towards 1.3188; if up – another upward movement will begin to 1.3344.
XAUUSD, “Gold vs US Dollar”
Gold is moving up. Today the pair can reach the level of 1581.54 and then start a new correction in the direction of 1573.21. After that the instrument can resume trading up with the target of 1584.58.
Brent reached its short-term target at 56.30. Now the price of the instrument is consolidating below this level. If later the price breaks this range downward, the instrument may start a new correction in the direction of 55.05; if in the direction of growth – resume trading within an uptrend with a target at 57.12.
BTCUSD, “Bitcoin vs US Dollar”
After the completion of the downward impulse to 10052.00, BTCUSD completed the correction at 10300.00, forming a new consolidation range. According to the main scenario, the pair can break down the range and resume falling with a short-term target at 9800.00.
Forecasts should not be considered as guidance for trading.