EUR / USD
The euro against the dollar is increasingly being established in a sideways trend. This is clearly seen in the price chart, which within the past weeks allows narrowing the sideways range to the boundaries of 1.1757 and 1.1900. Another important characteristic of the current market segment is related to the fact that the price tends to move towards moving averages. At the same time, the indicators do not show any trend tendencies and are close to neutral values. In this regard, we can say that it is dangerous to trade while the price is within the sideways range. Therefore, we are waiting for a movement that will be able to break through the sideways range, and it will be possible to trade in the direction of movement and breakdown.
GBP / USD
The British pound dropped significantly against the US dollar, however, the past week led to a situation where the downward trend movement was overcome. This can be clearly seen in the way the price has consolidated to the right of the trend line. If you look at the indicators, they all look up, and the histogram is close to the positive area for the first time in the entire period of the fall. Nevertheless, you cannot trade here and now, as the market literally stuck to the level of 1.2974. This level is very strong and has repeatedly demonstrated its significance on historical data. Therefore, you can wait for the market to work out this level and in the direction of movement from it, you can make a deal.
USD / JPY
The past week has led to the formation of a strong downward movement within this currency pair. This movement has led to the fact that the price dropped below the level of 105.170 and continues to fall. The indicators are at local minimums, and the oscillator has been unable to leave the oversold zone for a long time. The current situation is the most dangerous for trading, since we are in an active stage of a downtrend. Taking into account that there was a flat for a long time, the trend can turn out to be long. However, very often the market tests an important level for itself before making a strong torrent, so a corrective movement can be expected, after which a contract can be opened down.
AUD / USD
The Australian dollar is still dominated by the uptrend against the US dollar. Nevertheless, if you look at the indicators of the previous week, then this dominance is becoming weaker. First of all, this is expressed in the absence of volatility, which can be clearly seen both in the color chart and in the neutral indicators of all indicators. We still note the fact that the price bounces up whenever it tests a moving average level that coincides with a trend line. The current price is again very close to the moving averages, which means that you can try to open a deal upwards again.
USD / CAD
What we talked about in the previous weekly review for this currency pair continues to remain relevant for the coming week. The current price is still framed by the side channels 1.3142 and 1.3200. As long as the price is within this very narrow range, you cannot trade at any rate on the indicators. This range is also confirmed by indicators, especially oscillators, which cannot significantly differ from neutral values. As for the histogram, it goes through the correction stage, also approaching the zero line. Therefore, you can wait in which direction the market will work out the side channel and trade in the direction of this movement.
USD / CHF
The dollar against the Swiss franc is still making attempts to consolidate above the important level of 0.9061. It is characteristic that the oscillators are already looking up, and the histogram showed significant negative positions for the first time in a very long time. Nevertheless, we still note the fact that the level of moving averages changes the slope from descending to horizontal and even to ascending. Therefore, there are all prerequisites for bull trading. However, a trade can be opened only when the price finally consolidates above the moving average level.
USD / RUB
The current stage of the development of the price of the US dollar against the Russian ruble is characterized by the fact that for the first time in a long time, the price was to the right of the uptrend line. As a result, we are talking about a sideways correction, which is framed by the corridors 74.80 and 75.50. It is important to note that despite the general dominance of the upward dynamics for this currency pair, this completely contradicts the positions of the histogram, which mainly develops in the negative area. This at least makes it possible to think about changing the trend. Nevertheless, we are talking about the fact that while the price is within the indicated range, you cannot trade. Further, in the direction of the exit, you can trade. When moving down, we take into account that the price should be below the level of the moving averages.
Gold is still in the correction phase and demonstrates an upward movement system. Lateral dynamics can be traced very clearly in all indicators, which literally stuck to zero values and cannot move away from them for a long time. Nevertheless, if you look at the price chart, you can clearly see an attempt to consolidate above the level of moving averages and the level of 1955.158. Thus, we can expect that the market will succumb to the prevailing upward dynamics, which means that we can trade up.