Forecasting

EUR/USD is currently recovering after the sharp depreciation and it may reach 1.1250. That said, that recovery is likely only temporary and the move to the downside will likely begin again.

USD/JPY depreciated to 110.80 before bouncing off from that level. The pair is currently consolidating sideways and it may begin rallying again towards 112.00.

AUD/USD found some support at 0.7040 and it will likely continue rallying towards 0.7100. A breakout above that level may lead to a rally towards 0.7130.

NZD/USD has formed a hammer candlestick at 0.6850 on the weekly time-frame and that is a quite strong signal for a move north. Next target will likely be at 0.6900.

GBP/JPY has formed a pair of spinning tops at 148.20 on the daily time-frame, which is a signal for indecision. The pair has also bounced off from that level and we may see a further move to the downside.

The GBP/JPY move to the downside continues and the pair may likely break out below the support at 147.00. If it does it will probably continue depreciating towards 146.00.

USD/JPY bounced off from 110.30 after it formed hammer candlestick at that level on the four-hour time-frame. Next target is likely 111.00 and above.

EUR/USD continued moving to the downside today and broke out below the support at 1.1300. Next target will likely be around 1.1250 or even at 1.1200.

USD/CAD is testing the resistance at 1.3430. It will likely continue moving to the upside towards the next resistance which is around 1.3500.

AUD/USD rebounded from 0.7065 after forming a spinning top candlestick at that level on the four-hour time-frame. Next target is likely around 0.7200.