This Week in Markets: Key Moves and Scenarios (Jul 13–19, 2026)

We examine the most important levels for key financial instruments and probable scenarios.

Key Topics

• Euro (EURUSD)
• British Pound (GBPUSD)
• Swiss Franc (USDCHF)
• Japanese Yen (USDJPY)
• Canadian Dollar (USDCAD)
• Australian Dollar (AUDUSD)
• Bitcoin (BTC)
• Ethereum (ETH)
• Apple Inc (AAPL)
• NVIDIA Corp (NVDA)
• Tesla Inc (TSLA)
• Summary

Euro (EURUSD)

The trend changed to bullish 6 candlesticks ago, when the resistance level (1.1422 — 1.1436) was broken. The correction ended 3 candlesticks ago, and an impulse wave is currently developing.

The intermediate target for the upward movement is the resistance level with boundaries of 1.1442 — 1.1472. In the event of a successful trend development, further targets will be located at the resistance levels with boundaries of 1.1609 — 1.1622 and 1.1809 — 1.1809.

The potential profit/risk ratio from current prices when setting targets and fixing risks at daily timeframe levels may be small (about 0.3:1). When choosing a further target — more than 2:1.

Long positions will remain relevant, as long as the market is above the nearest support level on the daily timeframe with boundaries of 1.1361 — 1.1376. If the market successfully consolidates below this support, the trend will change to the opposite (bearish).

British Pound (GBPUSD)

The last broken level is resistance (1.3398 — 1.3402). The breakout occurred on the last closed candlestick. The bullish trend continues, an impulse wave is developing. With the continuation of the upward movement, the intermediate target will be the resistance level with boundaries of 1.3450 — 1.3461.

In the event of a successful trend development, the further target will be located at the resistance level with boundaries of 1.3615 — 1.3655. If the next correction ends around the support level (1.3181 — 1.3188), the potential profit/risk ratio may be more than 2:1.

For the further target — more than 4:1. If the correction ends around the last broken level (1.3398 — 1.3402), the potential profit/risk ratio may be small (about 0.2:1).

When choosing a further target — also small (around 0.7:1).

Long positions will remain relevant, as long as the market is above the nearest support level on the daily timeframe with boundaries of 1.3181 — 1.3188. If the market successfully consolidates below this support, the trend will change to the opposite (bearish).

Swiss Franc (USDCHF)

The bearish trend continues, a correction wave is developing. The last broken level is support (0.8061 — 0.8073). The breakout occurred 7 candlesticks ago.

With the resumption of the downward movement, the first target will be the support level with boundaries of 0.8008 — 0.8030. In the event of a successful trend development, the further target will be located at the support level with boundaries of 0.7908 — 0.7931.

If the next correction ends around the resistance level (0.8126 — 0.8139), the potential profit/risk ratio may be more than 1:1. When choosing a further target — around 3:1.

Short positions will remain relevant, as long as the market remains below the nearest resistance level on the daily timeframe with boundaries of 0.8126 — 0.8139. If the market successfully consolidates above this nearest resistance, the trend will change to the opposite (bullish).

Japanese Yen (USDJPY)

The bullish trend continues, a correction wave is developing again. The last broken level is resistance (160.55 — 160.59). The breakout occurred 18 candlesticks ago.

With the resumption of the upward movement, the first target will be the resistance level with boundaries of 162.59 — 162.70.

If the next correction ends around the support level (160.51 — 161.09), the potential profit/risk ratio may be more than 1:1.

Long positions will remain relevant, as long as the market is above the nearest support level on the daily timeframe with boundaries of 160.51 — 161.09. If the market successfully consolidates below this support, the trend will change to the opposite (bearish).

Canadian Dollar (USDCAD)

The trend changed to bearish 1 candlestick ago, when the support level (1.4167 — 1.4189) was broken. An impulse wave is developing.

The intermediate target for the downward movement is the support level with boundaries of 1.3897 — 1.3939. If the market successfully consolidates below this level, the further target will be located at the support level with boundaries of 1.3768 — 1.3780.

If the next correction ends around the resistance level (1.4217 — 1.4247), the potential profit/risk ratio may be more than 4:1. When choosing a further target — about 5:1. If the correction ends around the last broken level (1.4167 — 1.4189), the potential profit/risk ratio may be more than 2:1. For the further target — more than 3:1.

Short positions will remain relevant, as long as the market is below the nearest resistance level with boundaries of 1.4217 — 1.4247. If the market successfully consolidates above this nearest resistance, the trend will change to the opposite (bullish).

Australian Dollar (AUDUSD)

The bearish trend continues, a correction wave is developing. The last broken level is support (0.6987 — 0.7012). The breakout occurred 14 candlesticks ago.

With the resumption of the downward movement, the first target will be the support level with boundaries of 0.6905 — 0.6928. In the event of a successful trend development, the further target will be located at the support level with boundaries of 0.6831 — 0.6851.

The potential profit/risk ratio from current prices when setting targets and fixing risks at daily timeframe levels may be small (about 0.2:1). When using a further target — also small (approximately 0.7:1). If the next correction ends around the resistance level (0.7018 — 0.7041), the potential profit/risk ratio may be more than 1:1. When choosing a further target — more than 2:1. If the correction ends around the last broken level (0.6987 — 0.7012), the potential profit/risk ratio may be minor (around 0.8:1).

Short positions will remain relevant, as long as the market is below the nearest resistance level with boundaries of 0.7018 — 0.7041. If the market successfully consolidates above this nearest resistance, the trend will change to the opposite (bullish).

Bitcoin (BTC)

The bullish trend continues, an impulse wave is developing. The last broken level is resistance (60016 — 60835). The breakout occurred 9 candlesticks ago.

The intermediate target for the upward movement is the resistance level with boundaries of 64242 — 65544. If the market successfully consolidates above this resistance, the further target will be located at the resistance level with boundaries of 73755 — 74154.

The potential profit/risk ratio from current prices when setting targets and fixing risks at daily timeframe levels may be less than 0.1:1. When using a further target — approximately 2:1. If the next correction ends around the support level (61493 — 62257), the potential profit/risk ratio may be approximately 1:1. When choosing a further target — more than 5:1.

Long positions will remain relevant, as long as the market is above the nearest support level on the daily timeframe with boundaries of 61493 — 62257. If the market successfully consolidates below this support, the trend will change to the opposite (bearish).

Ethereum (ETH)

The bullish trend continues, an impulse wave is developing. The last broken level is resistance (1610 — 1642). The breakout occurred 9 candlesticks ago.

If the market continues to move upward, the first target will be the resistance level with boundaries of 1798 — 1830. If the market successfully consolidates above this level, the further target will be located at the resistance level with boundaries of 2019 — 2043.

The potential profit/risk ratio from current prices when setting targets and fixing risks at daily timeframe levels may be less than 0.1:1. When using a further target — approximately 1.4:1. If the next correction ends around the support level (1712 — 1743), the potential profit/risk ratio may be minor (around 0.8:1). When choosing a further target — around 3:1.

Long positions will remain relevant, as long as the market is above the nearest support level with boundaries of 1712 — 1743. If the market successfully consolidates below this nearest support, the trend will change to the opposite (bearish).

Apple Inc (AAPL)

The bullish trend continues, an impulse wave is developing. The last broken level is resistance (300.85 — 302.42). The breakout occurred 6 candlesticks ago.

No actual reference points for determining targets of the upward movement on the current timeframe have been found.

Long positions will remain relevant, as long as the market is above the nearest support level with boundaries of 307.00 — 307.36. If the market successfully consolidates below this support, the trend will change to the opposite (bearish).

NVIDIA Corp (NVDA)

The trend changed to bullish 3 candlesticks ago, when the resistance level (200.09 — 200.63) was broken. The price reacted to the level, but there is no confirmation yet.

The intermediate target for the upward movement is the resistance level with boundaries of 211.44 — 213.99. If the market successfully consolidates above this resistance, the further target will be located at the resistance level with boundaries of 227.18 — 232.28.

If the next correction ends around the support level (191.14 — 192.37), the potential profit/risk ratio may be more than 2:1. When choosing a further target — more than 4:1. If the correction ends around the last broken level (200.09 — 200.63), the potential profit/risk ratio may be small (around 0.7:1). For the further target — more than 1:1.

Long positions will remain relevant, as long as the market is above the nearest support level with boundaries of 191.14 — 192.37. If the market successfully consolidates below this support, the trend will change to the opposite (bearish).

Tesla Inc (TSLA)

The bullish trend continues, a correction wave is developing. The last broken level is resistance (405.05 — 414.75). The breakout occurred 8 candlesticks ago, and the price returned to this last broken level.

With the resumption of the upward movement, the first target will be the resistance level with boundaries of 419.77 — 420.00.

If the next correction ends around the support level (389.30 — 393.45), the potential profit/risk ratio may be approximately 1.3:1.

Long positions will remain relevant, as long as the market is above the nearest support level on the daily timeframe with boundaries of 389.30 — 393.45. If the market successfully consolidates below this support, the trend will change to the opposite (bearish).

Summary

From a medium-term trading perspective, financial instruments with a correction close to completion on the Daily timeframe and/or a potentially most promising profit/risk ratio include: USDCHF. Depending on the depth of the market correction, the following may soon be worthy of attention: TSLA, AUDUSD, USDJPY.

The remaining financial instruments on the watchlist may also be of interest, but conditions for a rebound on the daily timeframe in these markets will likely appear no earlier than in a week.