EURUSD is trading in the range between 1.0892 and 1.0922. As the main scenario today, we will consider the pair moving out of this range upward with possible targets near the levels of 1.0946 and 1.0970. If the price goes out of the range towards the downside, then the possible target levels will be 1.0870 and 1.0853.
GBPUSD is also showing intentions to grow. Tonight the pair left the triangle on D1 and indicated its current range between levels 1.2173 and 1.2227. At the beginning of the European trading session, as the main scenario, we will expect the British pound to exit from this range upwards. Possible growth targets for today will be the levels of 1.2248 and 1.2290. The pair also has enough space for decline, to the level of 1.2139 the price can move without any obstacles. But for this it first needs to go out of range downward.
USDCHF is now going out ot the channel on H4 downwards, therefore, the main planned scenario today will be a price decline towards the levels of 0.9674 and 0.9663-0.9648, however, for this the Swiss franc must first gain a foothold below the level of 0.9700. If the “round” level becomes a strong resistance and the pair returns to the borders of the channel, then we will look for possible targets near the levels of 0.9718 and 0.9737.
USDJPY is still trying to get closer to the level of 108.00. In the coming hours we will expect a temporary decline of the price to the upper border of the triangle on H4 near the level of 107.68, after which we will plan new attempts to take the height of 108.00, after which the potential for movement to 108.18 and 108.27 will be opened. Of course, we will not exclude the scenario of the price returning to the borders of the triangle on H4. In this case the possible targets will be the levels of 107.55, after which the potential for a decline to 107.28 will be opened.
AUDUSD pushed off the lower border of the triangle on D1 and is now trying to gain a foothold above the level of 0.6569. If the growth get a development, then the potential target for today may be the level of 0.6604, after which we can expect a movement to 0.6616-0.6627. If the level of 0.6569 becomes a strong resistance, then we will consider the possibility of decline to the lower border of the channel near the level of 0.6534, with a potential movement to 0.6515.
USDRUB is ready to decline. And today we will consider the movement of the pair to the levels 71.07-70.75. The upper limit of possible fluctuations we’ll define at the level of 72.05.
USDCAD is currently working on a downward correction, but it does not look like it will be continuous. Therefore, the main plan today will be the growth of the pair to the upper border of the triangle on D1, to the levels of 1.4001 and 1.4020. If the Canadian dollar nevertheless consolidates below the level of 1.3938, then we will look for possible levels for a further decline near 1.3916 and 1.3900.
Gold has found equilibrium and has been trading for several days in the range between the levels of 1723.00 and 1740.00. Yesterday and tonight there were attempts to exit from the upward channel on D1, but the price still returns back to the channel borders. Today we will plan the growth of the instrument from the current price of 1732.00 to the levels of 1737.00 and 1742.00, after which the growth potential will be opened up to 1746.00. If the price crosses the lower border of the channel near the level of 1728.00 in the direction of lowering, then we’ll plan the targets around 1723.00-1720.00.
Brent returned to the borders of the upward channel on D1, and now the levels of 37.12 and 37.80 have become quite achievable. For a possible downward correction we determine levels 35.76 and 35.09. But this will be a backup plan.
Bitcoin gives conflicting signals on higher timeframes, so we will focus on the current trading range between the levels of 8925.00 and 8796.00. If the price goes out of the range upward, then the possible targets today will be the levels of 9040.00 and 9155.00. If the price goes out of the range downward, we will look for targets near the levels of 8654.00 and 8525.00.
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Forecasts should not be considered as guidance for trading.