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 has reached 108.75.
USDCHF is consolidating around 0.9880.
After finishing the ascending wave at 1.3166, GBPUSD has completed the descending impulse towards 1.3100; right now, it is consolidating around 1.3138.
EURUSD is still consolidating around 1.1000.
After finishing the correction at 6930.00, BTCUSD continues forming the third ascending wave; right now, it is consolidating around 7400.00.
Brent has broken 63.72.
Gold has rebounded from 1460.33; right now, it is still moving downwards with the short-term target at 1447.71.
USDCAD has finished the ascending impulse towards 1.3297.