EURUSD, “Euro vs US Dollar”
The EURUSD pair has corrected to 1.0845. Today the market is forming a consolidation range around 1.0836. With an escape from the range upwards, the correction might extend to 1.0853. With a downward escape, the potential for a decline to 1.0800 could open. And if this level also breaks, the trend could continue to 1.0733. This is a local target.
GBPUSD, “Great Britain Pound vs US Dollar”
The GBPUSD currency pair continues developing a correction to 1.2679. Practically, a wide consolidation range is forming around 1.2650. With an escape from the range upwards, the correction could extend to 1.2700. With a downward escape, the potential for a wave to 1.2600 might open, from where the trend could continue to 1.2650. This is a local target.
USDJPY, “US Dollar vs Japanese Yen”
The USDJPY pair completed a decline wave to 150.10. Today the market has broken this level downwards as well. The decline wave is expected to continue to 149.37. Once this level is reached, a new growth wave to 150.15 might start.
USDCHF, “US Dollar vs Swiss Franc”
The USDCHF pair continues developing a correction to 0.8777. Once the correction is over, a growth wave to 0.8823 could start. And if this level also breaks, the trend could extend to 0.8865. This is a local target.
AUDUSD, “Australian Dollar vs US Dollar”
The AUDUSD currency pair has completed a decline wave to 0.6490. Today the market is forming a correction to 0.6535 (testing from below). Once the correction is over, the trend could continue to 0.6480.
BRENT
Brent formed a growth wave structure to 83.00. A technical return to 81.92 (testing from above) has been completed today. A growth wave to 83.00 is expected to begin. With a breakout of this level upwards as well, the potential for a growth wave to 84.50 could open, from where the trend might extend to 85.85. This is a local target.
XAUUSD, “Gold vs US Dollar”
Gold continues forming a wide consolidation range around 2026.34 without any expressed trend. Today the range could expand upwards to 2040.00. Next, a new decline wave to 2011.11 is expected to start. This is the first target.
S&P 500
The stock index continues developing a consolidation range around 5078.0 without any expressed trend. A decline to 5045.0 is expected today. Once this level is reached, a growth link to 5143.0 is not excluded. Next, a decline to 4921.0 could start. 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.