Currencies are believed to move in cycles, which means that one may try to estimate and predict their future fluctuations. Technical analysis helps to look into behavior of currency pairs on the basis of traded value, movement direction, investors’ common interests, and fluctuations history.
At the moment the market has formed a pattern of trend continuation around 1.1225.
USDRUB keeps trading inside the consolidation area under 63.20.
USDCHF is correcting, trading to 0.9835. Then growth to 0.9940 may follow.
The pair is trading under pressure for decline. Today it might hit 1.1180, then make a correction to 1.1295.
The price is consolidating, trading around 1.1262. The amplification of the consolidation area up to 1.1290 is not impossible.
The price is consolidating, trading above 1.1262. Another step down to this level is not impossible
USDJPY has finished the correction at 108.50; right now, it is consolidating.
USDCHF is moving downwards.