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.
BTCUSD is moving downwards.
Brent is moving downwards.
Gold has reached 1568.12.
USDCAD is consolidating around 1.3062.
USDRUB continues consolidating around 61.50.
After completing the correction at 0.6880 and breaking the correctional channel, AUDUSD is moving upwards to reach 0.6924.
USDJPY is forming the second descending impulse.
USDCHF has broken its consolidation range to the downside.