EURUSD yesterday reached lower target levels, but further decline of the pair was stopped by the level of 1.0897. And this level today will serve as an indicator of market sentiment, because the signals on the higher timeframes are not quite unambiguous: the channel down on H1 and the expanding channel up on H4. If the price consolidates below the level of 1.0897, then we will consider a further decline to 1.0872 and 1.0855. If the upward pressure is strong, then we will look for possible targets near the levels of 1.0935 and 1.0949.
GBPUSD completed the lower target levels, but could not break through the level of 1.2400 downwards, returning to yesterday’s levels around 1.2460. Thus, as the main plan for today, we will consider the pair’s growth to the levels of 1.2482-1.2513 based on the upward support on H1. However, we will not forget that the triangle broken through downwards on D1 was not completely worked out, so repeated attempts to break through the level of 1.2400 downwards are not excluded. The indicator of the beginning of this scenario is the level of 1.2423, after which 1.2400 and 1.2385 will become possible targets.
USDCHF is trading inside the big triangle on D1, and the current price of 0.9654 is one of the upper target levels that we planned yesterday. Today we will consider a short-term channel up on H1 with the general prospect of decline of the pair. Thus, the possible targets at the top are the upper border of the channel near the level of 0.9670 and a possible impulse to the level of 0.9682. But a breaking through the lower border of the channel near the level of 0.9647 with possible targets at 0.9626 and 0.9607 looks more probable.
USDJPY continues to work out the downward channel on D1, although yesterday’s decline was quite modest. As the main scenario for today, we will consider a further decline of the pair from the current level of 106.61 to 106.44 and 106.27, with the prospect of movement to 106.00. At the same time, the level of 106.44 may become a support for short-term price correction to the levels of 106.68 and 106.84.
AUDUSD cannot fully move away from the narrowing upward channel on D1, which is still actual, but already as resistance levels. Today we will consider the further growth of the pair from the current level of 0.6447 to the levels of 0.6482 and 0.6504. The backup plan for today will be getting a foothold by the pair below the level of 0.6439, which will be a signal to decline with targets near 0.6417 and 0.6396.
USDRUB grew more than we expected, and yesterday the level of 75.94 became the upper limit. Today we will plan the movement of the pair near the levels of 74.80-75.00 with the prospect of growth to the levels of 75.50-75.70. A possible lower limit of fluctuations today will be the level of 74.33.
USDCAD has chosen a correction downwards scenario and has reached all the lower target levels. At the moment, the lower border of the ascending channel on H4 is broken through, which gives us a reason to plan a further decline of the pair from the current level of 1.4066 to 1.4045 and 1.4020, with the prospect of movement to 1.4000. However, we will not exclude the possibility of returning into the borders of the channel. In this case, we will focus on the level of 1.4082, after which the potential for further growth to 1.4106 and 1.4126 will be opened.
Gold reached all yesterday’s target levels at the top and was now corrected to the level of 1697.00. Today we will plan a further decline of the instrument to the levels of 1694.00-1691.00-1688.00. If the price rises above 1700.00, then a further growth is possible to 1706.00-1712.00.
Brent broke through the level of 27.37 last night and is now expecting the opening of the European trading session near the level of 28.89. Today we will consider the price movement inside the upward channel on H4. The main scenario is a decline to the levels of 27.95 and 27.00. If the price gets a foothold above the level of 28.89, then we will look for targets near the levels of 29.82 and 30.76.
Bitcoin has formed a downward channel on H4 and is now trading near its upper border. As the main plan today, we will consider a decline of the instrument from the level of 9000.00 to the levels of 8757.50 and 8480.00. If the upper border of the channel cannot keep the price, then we will look for possible target levels around 9186.00 and 9329.00.
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Forecasts should not be considered as guidance for trading.