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 reaching 1.1650 and finishing the first half of the third descending wave, EURUSD continues falling; right now, it is consolidating above 1.1650.
After rebounding from 13844.00 and then reaching the short-term downside target at 12873.00, BTCUSD is correcting towards 13280.00.
After completing the ascending structure and testing 41.80 from below, Brent is moving downwards to break 40.50.
Brent is still consolidating around 41.00.
GBPUSD is falling towards 1.2989.
GBPUSD is falling towards 1.3043.
After completing another ascending structure at 1.1880, EURUSD is forming a new descending impulse.
The S&P index is consolidating around 3455.0.