EURUSD opened the trading week calmly and indicated the range of its fluctuations before the European trading session – between the levels of 1.0810 and 1.0833. We will focus on this range. If the pair leaves the range upwards, the nearest possible targets will be the levels 1.0851 and 1.0875. If the pair leaves the range downwards, the possible targets for the decline will be the levels 1.0799-1.0785-1.0765.
GBPUSD is back to growth. Now the pair has limited itself to the level of 1.2445, but as the main scenario for today we will consider further growth to the levels of 1.2496 and 1.2520. If the current growth turns out to be a correction before the start of a deeper decline, then in case of a breaking through the level of 1.2400 down, the possible nearest targets will be the levels of 1.2376 and 1.2354.
USDCHF is trading in an upward channel, the lower border of which is now indicated at 0.9721. The main scenario for today will be a breaking through this level down with the nearest targets near the levels of 0.9699 and 0.9675. However, on the higher timeframes we can see another possible version of today’s trading – a return to the upward movement with a prospect target of 0.9808 and intermediate targets of 0.9759 and 0.9781.
USDJPY broke through strong supports at 107.42 and 107.28. At the moment the further decline of the pair is limited by the level of 107.21, however, the triangle on D1, the lower border of which has now been broken, gives reason to plan a further decline to the levels of 106.94 and 106.60 today. Nevertheless, as a backup plan, we also envisage a return of the price movement to the upper border of the triangle near the level of 107.76.
AUDUSD has almost exhausted its growth potential, and the current price of 0.6450 is very close to the upper border of the rising channel – 0.6464. Therefore, the main scenario for today will be a decline of the pair to the levels of 0.6420 and 0.6395. Attempts to break through the channel border upwards are unlikely today, but we will envisage such opportunity with potential targets near the levels of 0.6493 and 0.6523.
USDRUB today has all chances for growth, thanks to fundamental factors. If their influence on the opening of trading today is really significant, then we will be able to see the price of 76 – 78 rubles per US dollar. If the impact is insignificant, then today we will consider the technical corridor between the levels of 74.00 and 75.30.
USDCAD is moving in a downward channel. A rebound from the upper border near the level of 1.1416 occurred tonight, therefore, as the main scenario, we will consider the continued decline of the pair to the levels of 1.4035 and 1.4017. In case of correction upwards, possible immediate targets will be the levels 1.4087 and 1.4110.
Gold in the short term (today) will seek supports to continue the upward movement. These supports can be the levels of 1717.00 and 1713.00, after which we will consider the growth to the levels of 1726.00 and 1730.00.
Brent has been trading sideways with a lower border near the level of 23.70 during recent days, near which the price is now. Therefore, in the coming hours we will consider the growth of the instrument to the levels of 24.17 and 24.70. In case of breaking through the lower border of the channel, we will look for lower targets near the levels of 22.95 and 22.50.
Bitcoin is trading in the range between the levels of 7792.00 and 7698.00. If the instrument leaves the range upwards, possible targets will be the levels of 7855.00 and 7900.00. If the price of the instrument leaves the range downwards, the possible targets would be levels 7636.00 and 7573.00.
We are in Telegram
Forecasts should not be considered as guidance for trading.