EURUSD does not go beyond the borders of the triangle on D1, the price does not have enough momentum to exit the wide range between the levels of 1.0800-1.0900. During the night the price indicated a narrower range between the levels of 1.0806 and 1.0827, which we will focus on after the start of European trading. If the price moves out of the range upwards, 1.0847 and 1.0872 will remain possible upper target levels. If the price goes out of the range downwards, we will consider the levels 1.0887 and 1.0761 as targets, with the potential to decline to 1.0744.
GBPUSD ended the last trading week with a decline to 2-month lows, but could not gain a foothold below 1.2100. Today we will continue to consider the small downward channel on the H4. As the main scenario for today, we will plan the pair to rise from the current price of 1.2106 to the upper border of the channel near the levels of 1.2156-1.2173, and in case of breaking through the level of 1.2190 upwards, we will determine the next possible target at the level of 1.2227. The backup plan involves the breaking through the lower border of the channel near the level of 1.2072. In this case, possible targets would be levels 1.2055 and 1.2006.
USDCHF continues to trade above the level of 0.9700, which made it possible to form a triangle on H4, and we will consider it today. The main scenario for today will be a downward movement, and for confirmation we will wait until the price gets a foothold below the level of 0.9701. After that the possible targets will be the levels of 0.9682 and 0.9670. If the Swiss franc uses the lower border of the triangle as a support for the upward movement, then the closest targets may be the levels of 0.9741 and 0.9761.
USDJPY formed a new triangle on H4 with borders near the levels of 106.89 and 107.35. For a small volatility this range is quite enough, so for now we will focus on it. If the pair consolidates above the level of 107.35, then the next possible target will be the level of 107.65, which is the upper border of the channel on D1. If the pair consolidates below the level of 106.89, then we will plan a further decline to 106.69 and 106.54.
AUDUSD worked out the scenario of exit from the upward channel to D1, but could not fall below the level of 0.6402. The current correction to the lower border of the channel may be the beginning of a full decline, so from the current price of 0.6437 we will plan a decline of the pair to the levels of 0.6402 and 0.6374. If the Australian dollar returns into the borders of the channel, then after the level of 0.6464 we will consider further growth to the levels of 0.6492 and 0.6524.
USDRUB may open the trading week significantly below the level of 73.74, which ended last week’s trading. Today we will plan a price range from 72.17 at the bottom to 73.50 at the top.
USDCAD continues to work out the downward channel on D1. The current price of 1.4083 allows to plan the growth of the pair to the upper border of the channel near the level of 1.4126, after which we will plan a rebound downwards. But a more likely scenario looks like a decline of the pair without upward correction, and after the level of 1.4069 we will consider possible target levels around 1.4033 and 1.4008.
Gold updates the tops and now the price is approaching 8-year highs. Today we will look at the short-term upward channel on H1. Technically, the instrument is ready to move to the level of 1795.00, but today the possible upper targets will be the levels of 1768.50 and 1773.50. In addition, we have not yet seen a downward correction before continued growth, so from the current price of 1761.00 we will envisage possible target levels around 1753.50 and 1748.50.
Brent opened the new trading week with a not very large, but significant gap upwards, noting the level of 34.05 as quite achievable. As the main scenario for today, we will consider the correction of the instrument downwards to levels 33.18 and 32.31. If with the start of the European trading session the price gets a foothold above the level of 34.05, then the following growth targets may become the levels of 34.92 and 35.70.
Bitcoin is surprisingly quietly trading within the upward channel on D1. Now the pair BTCUSD has come close to the important level of 9959.00, after which the working out of the psychologically important level of 10072.00 may begin. The technical growth opportunities of the instrument are now limited by the level of 10184.50, which we will focus on. We also will not exclude a possible correction downward, and possible targets will be the levels of 9622.00 and 9397.00.
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