EURUSD has returned to the growth phase and has reached all the upper target levels. The apparent weakness of the US dollar, supported by fundamental factors, led the European currency to a weekly high of 1.1085. If the upward trend continues, the nearest targets for today can be the levels of 1.1125 and 1.1175. In case of a downward correction, possible targets will be levels 1.1017 and 1.0960.
GBPUSD uses the current situation and confidently restores its position at several hundred points per day. Yesterday’s upper target levels remained far below, and now the pair is trading near 1.2247. Taking into account its current volatility, today’s growth targets may be levels 1.2404 and 1.2500. But a more possible scenario is a downward correction to the levels of 1.2201 and 1.2120.
USDCHF reached all the lower targets that we set for yesterday, and even dropped to the next level of 0.9600. With this dynamics of the downward movement, today we can see a continuation of the downward movement to the levels of 0.9545 and 0.9483. But upward correction is also possible, to the levels of 0.9660 and 0.9730.
USDJPY stopped attempts to grow and fell by 200 points in one day, to the level of 108.27. Further upward correction is possible, to the levels of 108.72 and 108.94, after which the growth potential to the levels of 109.22 and 109.55 will be opened. In case of breaking through the level of 108.27 down, the targets may be the levels of 107.77 and 107.36.
AUDUSD also updated this week’s highs and stopped only near the level of 0.6123. Now the pair is consolidating in the range between the levels of 0.6092 and 0.6123. If the pair leaves the range down, the possible target levels will be 0.6025 and 0.5985. If the pair leaves the range up, the targets for growth may be the levels of 0.6170 and 0.6212.
USDRUB yesterday was trading in expected range, closing its session near the level of 77.35. Today the opening of trading is expected around the level of 78.50 with a further possibility of growth to the levels of 79.00-79.40-79.80. Lower borders of the trading range are expected today at the levels of 78.00 and 77.35.
USDCAD has updated the lows of this week and is now trading near the psychologically important level of 1.4000. If the pair manages to break this level down, the nearest targets for the decline may be levels 1.3945 and 1.3914. In case of an upward correction, the nearest targets may be the levels of 1.4055 and 1.4095.
Gold has risen to all the upper target levels and is now trading around 1626.00. Taking into account current market sentiment for the American dollar, today we expect continued growth of XAUUSD to the levels of 1641.00 and 1660.00. However, do not forget about the custom of the market to take a break after significant movements on the eve. That is, a downward correction is quite possible, to the levels of 1611.00 and 1598.00.
The current Brent price around 26.00 has been an equilibrium for several days, but today it is likely to decline to the levels of 25.70 and 25.10. In case of technical growth of the instrument, the targets at the top can be the levels of 27.00 and 27.50.
Bitcoin has found a new short-term range between the levels of 6632.00 and 6840.00. In case of breaking through the upper border, growth is possible to the levels of 7000.00 and 7175.00. If the lower border is broken through, the nearest targets will be the levels 6532.00 and 6438.00.
We are in Telegram
Forecasts should not be considered as guidance for trading.