EURUSD, “Euro vs US Dollar”
The EURUSD pair has reached the estimated target of a decline wave at 1.0700. The structure of the last decline target implies a correction link to 1.0734 that might form today. Practically, a consolidation range might form between these two levels. With an escape from the range downwards, a decline link to 1.0680 is not excluded. With an escape upwards, the correction might extend to 1.0777.
GBPUSD, “Great Britain Pound vs US Dollar”
The GBPUSD pair has completed a decline wave to 1.2573. Today it could correct to 1.2607. Once the correction is over, the quotes might drop to 1.2533. This is a local target.
USDJPY, “US Dollar vs Japanese Yen”
The USDJPY pair formed a consolidation range around 149.30 and concluded a growth wave to 150.85, escaping the range upwards, Today the quotes might correct to 149.30 (a test from above). Once the correction is over, a rise to 151.00 is expected.
USDCHF, “US Dollar vs Swiss Franc”
The USDCHF pair has completed a growth wave to 0.8877. Today the quotes could correct to 0.8815. Once the correction is over, a growth wave to 0.8888 might develop. This is a local target.
AUDUSD, “Australian Dollar vs US Dollar”
The AUDUSD pair has concluded a decline wave to 0.6444. A correction link to 0.6484 is expected today (a test from below). Once the correction is over, a decline wave to 0.6427 might follow. This is a local target.
BRENT
Brent has extended the consolidation range to 82.80. Today the quotes might correct to 82.00. Once the correction is over, a growth link to 83.63 is expected, from where the trend could continue to 85.80. This is a local target.
XAUUSD, “Gold vs US Dollar”
Gold has concluded a decline wave to 1988.60. Currently, the instrument is forming a consolidation range above this level. With an escape from the range upwards, the potential for a correction to 2011.11 might open. With a downward escape, a decline link to 1970.30 is not excluded.
S&P 500
The stock index has performed a decline impulse to 4920.0. Today the quotes could correct to 4985.5. Once the correction is over, a decline link to 4855.0 is expected. This is a local target. Next, a correction to 4920.0 is not excluded (a test from below). After that, a decline to 4790.0 might follow. 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.