EURUSD, “Euro vs US Dollar”
The EURUSD pair has completed a correction wave to 1.0804. By now, the market has broken the 1.0777 level downwards, continuing the third decline wave to 1.0722. With a breakout of this level, the trend could extend to 1.0650. This is a local target.
GBPUSD, “Great Britain Pound vs US Dollar”
The GBPUSD pair has escaped a consolidation range downwards. Practically, a decline wave extends to the 1.2515 level. Once it is reached, a growth link to 1.2590 might follow (testing from below). Next, a decrease towards 1.2380 is expected. This is a local target.
USDJPY, “US Dollar vs Japanese Yen”
The USDJPY pair continues developing a consolidation range around 151.45 without any obvious trend. A growth link towards 151.89 is not excluded today. Next, a decline link to 151.50 might follow, after which a rise towards 152.08 could develop. This is a local target.
USDCHF, “US Dollar vs Swiss Franc”
The USDCHF pair continues developing a consolidation range around 0.9033. Today the market has extended the range upwards to 0.9064. A decline link to 0.9033 is expected (testing from above), followed by a rise to 0.9102. This is a local target.
AUDUSD, “Australian Dollar vs US Dollar”
The AUDUSD pair has escaped a consolidation range downwards and continues developing a decline wave towards 0.6468. Once this level is reached, a growth link to 0.6502 is expected (testing from below), followed by a decline to 0.6390. This is a local target.
BRENT
Brent has broken the 87.20 level and continues developing the wave to 88.11. Once this level is reached, a correction link to 87.20 is not excluded (testing from above). Next, a rise to 89.11 could follow, from which level the trend might continue to 90.40. This is a local target.
XAUUSD, “Gold vs US Dollar”
Gold has completed a decline wave to 2228.50, correcting to 2259.66 today. Practically, the market has set the frames for a consolidation range. With a downward escape, the potential for a decline wave to 2214.22 might open. With an upward escape from the range, a growth link to 2280.28 is not excluded. This is a local target.
S&P 500
The stock index continues developing a consolidation range around 5256.0. A decline link to 5232.0 could develop today. Once this level is reached, a growth link to 5303.0 is not excluded. With a downward escape from the range, the potential for a decline wave towards 5169.0 could open. This is the first target.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.