EURUSD, “Euro vs US Dollar”
EURUSD continues developing a consolidation range around 1.0680. Extension of the range to 1.0705 is not excluded. Next, a decline to 1.0640 might follow. And with a breakout of this level, the pair might drop to 1.0622, from where the trend could continue to 1.0540. This is a local target.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has formed a consolidation range around 1.2242 and, escaping it upwards, the pair extends the correction to 1.2297. After the correction is over, a wave of decline to 1.2133 might begin. This is a local target.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed a wave of growth to 151.90 and a correction to 151.20. Today the market is forming a rising movement to 151.95, from where the trend could continue to 152.69. After the price reaches this level, a link of correction to 150.95 might form. Next, a rise to 153.07 might follow.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF continues forming a consolidation range around 0.9017 without any strong trend. Extension of the range to 0.9057 is not excluded today. And with a breakout of this range upwards, the potential for a rising wave to 0.9100 might open. This is a local target.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed a link of correction to 0.6390. A new wave of decline to 0.6332 is expected to begin today, from where the trend might extend to 0.6311. This is a local target.
BRENT
Brent has completed a wave of growth to 82.15. A consolidation range has formed around this level today. With an escape from this range upwards, the potential for a rising wave to 84.10 might open, from where the trend could continue to 86.05. This is a local target.
XAUUSD, “Gold vs US Dollar”
Gold has formed a consolidation range around 1940.35. Extension of the range to 1951.88 is not excluded. Next, a decline to 1924.00 might follow, from where the wave could continue to 1910.90. This is a local target.
S&P 500
The stock index has formed a consolidation range around 4414.0. Extension of the range to 4432.0 is not excluded. After the price reaches this level, a declining wave to 4343.0 might start. 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.