EURUSD, "Euro vs US Dollar"
The pair reached the local goal of the wave of decline at 1.1750. The market is now forming a correction of the first wave of decline. It might test 1.1910 from below. When the correction is over, another structure of decline to 1.1600 might begin. The goal is main.
GBPUSD, "Great Britain Pound vs US Dollar"
The currency pair completed the first wave of decline to 1.3575. The market is now forming a correction of the previous declining wave. The correction should aim at 1.4000. When it is over, we expect the next wave of decline towards 1.3232. The goal is local.
USDRUB, "US Dollar vs Russian Ruble"
The currency pair broke through 73.43 from below and formed a consolidation area under this level. We expect the wave of decline to continue to 72.15. The goal is local. Then the pair might correct to 73.45 (a test from below), followed by a decline to 71.62.
USDJPY, "US Dollar vs Japanese Yen"
The currency pair is trading in the first wave of decline to 108.05. Then a correction to 109.88 (a test from below) should happen, followed by a decline to 106.11. The goal is local.
Oil corrected to 67.70. The market is now developing another wave of growth to 78.00, probably followed by a link of correction to 73.20 and growth to 83.73. The goal is local.
XAUUSD, "Gold vs US Dollar"
Gold is trading in another wave of decline. A local goal at 1750.00 was reached, then a correction to 1739.90 was performed. Then the pair might technically return to 1830.00 (a test from below), followed by a decline to 1666.60. The goal is main.
The stock index has completed another structure of a wave of growth to 4400.0. At the moment, the market is forming is a narrow consolidation range around this level. We expect an escape upwards and further development of the trend to 4560.5. The goal is local. After this level is reached, we expect a decline to 4400.0 (a test from above), followed by growth to 4717.3.
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.