EURUSD, “Euro vs US Dollar”
EURUSD has completed a corrective movement to 1.0808. Today the market is forming a consolidation range under this level. With an escape from the range upwards, a link of growth to 1.0840 is not excluded. With an escape downwards, the potential for a wave to 1.0740 could open, from where the trend could continue to 1.0700. This is a local target.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed a corrective wave to 1.2638, and today the market is consolidating under this level. An escape from the range upwards could end in a link of correction to 1.2700. An escape downwards could open the potential for a movement to 1.2540, from where the trend might continue to 1.2470. This is a local target.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has performed a growth structure to 146.76. A link of decline to 146.30 is not excluded today, followed by a link of growth to 148.08. This is a local target.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has performed a wave of correction to 0.8835. A consolidation range is forming above this level today. An escape upwards could open the potential for a rise to 0.8880, from where the trend might extend to 0.8903.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has performed a correction to 0.6477, beginning a new wave of decline after that. At the moment, the market has broken the 0.6440 level and goes on developing the wave to 0.6402. This is a local target. After the price reaches this level, a link of correction to 0.6440 is not excluded (with a test from below), followed by a decline to 0.6360.
Brent has completed a structure of a wave to 88.88. A consolidation range might develop under this level today. After an escape downwards, a link of decline to 87.70 is not excluded (with a test from above). With an escape upwards, the wave could continue to 90.00. This is a local target.
XAUUSD, “Gold vs US Dollar”
Gold corrected to 1945.77 and performed a wave of decline to 1935.00 today. At the moment, a consolidation range is forming above this level. A downward escape from the range to 1924.15 could follow, from where the trend might continue to 1918.60.
The stock index has corrected to 4526.6. A declining wave to 4499.0 is expected today. A breakout of this level could open the potential for a decline to 4472.2, from where the trend might continue to 4458.0. 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.