EURUSD has worked out a growth scenario and is now correcting downwards. The nearest target of the correction is the level of 1.0946, which will allow us to consider the range of price movement between the levels of 1.0946 and 1.0982. As the main scenario today, we will consider the pair going out of the range towards the downside with possible targets near the levels of 1.0915-1.0900. The upper border of the range may become a hard resistance, but if it is broken through upwards, the next targets may be levels 1.0994 and 1.1000, with a growth potential to 1.1018-1.1030.
GBPUSD reached all the upper targets and even exceeded our expectations, gaining a foothold above the level of 1.2300. The current downward correction may be temporary, since the British pound still has space for growth to the level of 1.2374, after which the potential for movement to the levels of 1.2408 and 1.2425 will be opened. If the European trading session leads the pair below the level of 1.2290, then we will look for targets for a further decline near the levels of 1.2269 and 1.2248.
USDCHF has worked out all the lower targets, that we set yesterday, and is now returning to the triangle on D1, correcting upwards. Today we will focus on the level of 0.9669. If the price consolidates above, then we will look for possible targets near the levels of 0.9686 and 0.9703, with the growth potential to 0.9718. If the price again leaves the triangle in the direction of lowering, then the possible targets today will be the levels of 0.9648 and 0.9634.
USDJPY is retreating and is now trying to exit the upward channel on D1 towards the downside. A reference today will be the range between the levels of 107.58 and 107.38. If the price goes out of the range upwards, then 107.78 and 107.98 are possible target levels. If the price goes out of the range towards the downside, then the levels 107.22 and 107.03 can become targets.
AUDUSD approached 2-month highs and tested the level of 0.6675. As the main scenario for today, we will consider the correction of the Australian dollar downward, as the pair does not have much space for growth. If we consider the ascending channel on H4, then the indicator will be the level of 0.6631: if the price fixes below, the possible targets for a further decline will be the levels of 0.6602 and 0.6574. For growth the pair has space until yesterday’s maximum of 0.6675 and the upper border of the channel at the level of 0.6689, after which we will begin to consider growth to 0.6700.
USDRUB again worked out the decline to its 2-month lows and today we will plan the correction of the pair upward. At the opening of trading a test of level 70.44 is possible, after which we will look for possible targets at the top, near levels 71.23-71.38.
USDCAD updated its 2-month low and stopped falling only at 1.3756. Despite the subsequent upward correction, today we cannot exclude the possibility of continued decline of the pair. If the price drops below the level of 1.3756, then we will look for possible targets near the levels of 1.3744-1.3727-1.3709. However, as a more likely scenario, today we will expect the pair to grow above the level of 1.3805 with targets near 1.3830 and 1.3855.
Gold turned down and is testing the level of 1702.00. Although the attempts have not been successful so far, today there are all chances to reach the lower border of the descending channel on H1 near the level of 1695.00, after which the potential for decline to 1689.00-1686.00 will be opened. From above the instrument is limited by the level of 1711.00, which we will focus on. If the price breaks through it upwards, then the next possible targets will be 1717.00 and 1720.00.
Brent continues to trade in the upward channel on D1, and so far the instrument has not fully realized its growth potential. Yesterday’s rebound from 37.22 gives us reason to plan today the price decline to the levels of 36.02-35.42, with a potential movement to 34.82. But we will not completely exclude the possibility of new growth attempts to the level of 37.82 with a pause near 37.22.
Bitcoin has not shown a complete decline, despite the fact that the trend remains “bearish” and the triangle on D1 is still actual. Today we will consider the price range between the levels of 8796.00 and 8925.00. If the price goes out of the range upwards, then the possible targets would be levels 9040.00 and 9155.00. If the price goes out of the range towards the downside, then after the border of the triangle at the level of 8725.00 the following targets may become the levels of 8654.00 and 8525.00.
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Forecasts should not be considered as guidance for trading.