EURUSD yesterday worked out a growth scenario to the target levels, but then again bounced back to the beginning of the day’s levels. Nevertheless, the pair’s nocturnal growth and return to the triangle’s borders give grounds to plan upward movement today. From the current price of 1.0851, the closest possible targets at the top are the levels of 1.0874 and 1.0890, and then the upper border of the triangle – 1.0902. In case of the pair turning down, the possible targets today will be the levels 1.0827-1.0818 and further – 1.0803.
GBPUSD showed very similar dynamics yesterday: growth to target levels and a subsequent decline to the beginning of the day’s levels. On the 4-hour chart an ascending channel is clearly visible, in which the pair returned after an unsuccessful attempt to change the trend. Thus, today we will consider the growth of the pair from the current level of 1.2468 as the main scenario. Possible targets would be levels 1.2497 and 1.2532. In case of correction of the price downwards, we will consider possible targets near the levels of 1.2441 and 1.2419.
USDCHF yesterday reached both upper target levels and one of the lows. Now the pair is trading near the level of 0.9727 and so far cannot break through the lower border of the narrowing channel at the level of 0.9722. However, today we will consider the pair to decline to the level of 0.9707 as the main scenario, after which the potential for further decline to the levels of 0.9687 and 0.9660 will be opened. If the pair is unable to break through the lower border of the channel and begins to correct upwards, then the possible targets are levels 0.9752-0.9775-0.9800.
USDJPY moved out of the triangle towards the downside and reached two target levels. Now the pair has found equilibrium near the level of 106.60, but the prospect of a further decline remains actual. After the level of 106.46, the nearest possible targets will be the levels of 106.30 and 106.06. In the short term a price correction is possible upwards to the levels of 106.80-106.89.
AUDUSD did not correct downward and continued its uptrend. Now the pair has approached the upper border of the rising channel near the level of 0.6530, so in the coming hours it is possible to decline to the lower border of the channel near the level of 0.6503, after which we will again consider the growth scenario. Possible targets would be levels 0.6554 and 0.6591. In case of a deeper downward correction, we will consider possible targets below the levels of 0.6463 and 0.6435.
USDRUB yesterday stayed within the planned channel. Today we will consider a similar price movement, but the channel will have to be expanded to 75.50 – above and to 73.80 – below.
USDCAD showed unexpectedly high volatility yesterday, expanding the downward channel range to 130 points and quickly reaching lower target levels. Now the pair is trading near the level of 1.3950, but there is a potential for a decline to the level of 1.3920, from which we will plan a rebound to the levels of 1.3953 and 1.3992. In case of breaking through the lower border of the channel downwards, the possible targets will be levels 1.3907 and 1.3887.
Gold managed to reach the upper target levels and one of the lower levels yesterday, which led the instrument to the current price of 1710.00. As the main scenario for today, we will consider a decline of the price to the levels of 1700.00 and 1691.00. The backup plan will be definition of targets for growth near the levels of 1717.00 and 1721.00.
Brent from a technical point of view is now approaching its upper limit at the level of 24.50, from which we will consider the possibility of decline to the levels of 23.60-22.94-22.50. However, we will not exclude the option of a breaking through the level of 24.50 upwards, after which the levels 25.00 and 25.92 may become possible targets.
Bitcoin has reached all the upper target levels and is now trading in the range between the levels of 7864.00 and 7732.50. If the price leaves the channel downwards, the nearest targets may be the levels of 7666.00 and 7600.00. If the price leaves the channel upwards, the possible targets today will be the levels 7930.00 and 8000.00-8150.00.
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Forecasts should not be considered as guidance for trading.