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.
USDJPY is still consolidating around 108.55 without any particular direction.
USDCHF is moving upwards to reach 0.9865.
After reaching the target at 1.2980, GBPUSD has completed the descending impulse at 1.2755 along with the correction towards 1.2893; right now, it is moving downwards.
EURUSD has broken 1.1053 to the upside and may continue this ascending wave.
BTCUSD has completed the descending wave at 8060.00.
Brent is still correcting towards 58.35.
Gold has completed another descending wave at 1480.80; right now, it is consolidating around this level and this range may be considered as a downside continuation pattern.
After breaking the consolidation range to the downside, USDCAD has fallen towards 1.3273.