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.
After completing the second half of the descending wave at 1.0830, EURUSD is consolidating near the lows.
BTCUSD is still consolidating around 6100.00; it has already broken 6400.00.
After forming another consolidation range around 23.60, Brent has broken it to the downside.
Gold is still consolidating around 1617.67.
USDCAD continues falling.
USDRUB is still consolidating around 78.00; by now, it has reached 77.20.
AUDUSD continues forming the fifth ascending wave towards 0.6136.
USDJPY is still consolidating around 110.70; it has expanded the range up to 111.70 and right now it falling to test 110.70 from above.