EURUSD, “Euro vs US Dollar”
The pair has completed a wave of growth to 1.0210. At the moment, the market is forming a consolidation range around this level. Today we expect the range to expand to 1.0240. Then a decline to 1.0120 might follow. In case the range is escaped downwards, a pathway to 1.0000 will open. In the case of an escape upwards, the price may sky-rocket to 1.0400.
GBPUSD, “Great Britain Pound vs US Dollar”
The currency pair has completed a wave of growth to 1.1680. At the moment, the market is forming a consolidation range around this level. Later it might expand upwards to 1.1760. Then a wave of decline to 1.1600 should start.
USDJPY, “US Dollar vs Japanese Yen”
The currency pair has completed a wave of decline to 140.30. Today a link of growth to 142.55 is possible, followed by a decline to 141.30. At these levels, a consolidation range might form. With an escape upwards, a pathway for a wave of growth to 144.77 will open.
USDCHF, “US Dollar vs Swiss Franc”
The currency pair has escaped the consolidation range downwards and continues a wave of decline to 0.9622. After this level is reached, a wave of growth to 0.9888 should start.
AUDUSD, “Australian Dollar vs US Dollar”
The currency pair has completed a wave of growth to 0.6590. At the moment, the market is forming a consolidation range around this level. Expansion of the range to 0.6666 is expected. Then a wave of growth to 0.6538 should start. With a breakaway of this level downwards as well, a pathway down to 0.6414 will open.
BRENT
Crude oil has expanded the consolidation range to 92.44. Today the market is forming a wave of growth to 95.95. After this level is reached, a link of decline to 91.41 is not excluded, followed by growth to 96.00.
XAUUSD, “Gold vs US Dollar”
Gold has completed a wave of growth to 1750.00. At the moment, the market is forming a consolidation range around this level. Expansion of the range to 1772.10 is not excluded. Then a wave of decline to 1693.44 might begin.
S&P 500
The stock index has broken through 3861.5 upwards. A pathway for growth to 4000.0 is open. After this level is reached, a wave of decline to 3841.5 might begin. Then the quotes may grow to 4188.0.
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.