EURUSD, “Euro vs US Dollar”
EURUSD has completed a decline wave to 1.0723. By now, the market has corrected to 1.0780. A consolidation range is forming under this level today. An escape from this range downwards to 1.0704 is expected. And with a breakout of this level downwards as well, the potential for a wave to 1.0626 could open. This is a local target.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed a decline wave to 1.2502. A consolidation range is forming above this level today. An escape from the range downwards to 1.2470 is expected, possibly followed by a correction to 1.2595. Next, the price might drop to 1.2400.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed a growth structure to 144.88. A structure of a consolidation range has formed today around this level. With an escape from the range upwards, the potential for a wave to 147.31 might open. This is a local target. Next, a decline to 144.88 might happen (a test from above), followed by a rise to 148.15. This is the first target.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has completed a rise impulse to 0.8819. Today the pair could correct to 0.8780. After the correction is over, a new growth wave to 0.8833 might start, from where the trend could continue to 0.8899.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed a corrective wave to 0.6619. A new decline wave to 0.6555 has formed by now. A consolidation range is forming around this level today. With an escape downwards, the potential for another decline wave to 0.5495 might follow. This is a local target.
BRENT
Brent is forming a growth wave to 77.77. Upon reaching this level, a correction link to 75.65 could form, followed by a growth wave to 81.07, from where the trend might continue to 83.25. This is the first target.
XAUUSD, “Gold vs US Dollar”
Gold has completed a decline impulse to 2026.45. A consolidation range has formed around this level by now. With an escape from the range downwards, the potential for a new decline structure to 1908.00 could form. Upon reaching this level, the price could start correcting to 2026.45 (a test from below).
S&P 500
The stock index is forming a growth wave to 4621.0. Upon reaching this level, the price could make a correction link to 4583.3. Next, a growth wave to 4627.6 might develop.
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.