EURUSD, “Euro vs US Dollar”
EURUSD completed correction and went on developing its wave of decline. By now, it has performed a link of decline to 1.0633. Today the market is forming a consolidation range above this level. The range is expected to extend to 1.0655 (with a test from below). Next, a decline to 1.0606 could follow, from where the wave might extend to 1.0588.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed a wave of decline to 1.2396. Today the market is forming a correction structure to 1.2430 (with a test from below). After the price reaches this level, it could drop to 1.2386. Next, a new wave of growth to 1.2700 might begin.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is forming a consolidation range around the 147.40 level. At a certain moment, the range was extended downwards to 147.00 and upwards to 147.68. An escape from this range downwards could open the potential for a wave of decline to 146.30.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has escaped a consolidation range upwards, completing a structure of an ascending wave to 0.8969. Today the market continues a wave of correction to 0.8948 (with a test from above). After the correction is over, a new wave of growth to 0.8980 could start. This is the first target.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed a link of growth to 0.6472. A wave extension to 0.6481 is not excluded, followed by a decline to 0.6333, from where the trend could continue to 0.6275.
Brent has completed a wave of growth to 94.07. A consolidation range is expected to form under this level today. With an escape from the range downwards, a correction to 91.20 could start. After it is over, a wave of growth to 96.50 is expected to begin. This is a local target.
XAUUSD, “Gold vs US Dollar”
Gold has completed a wave of decline to 1901.40 and a correction to 1915.80. A consolidation range could form under this level today. With an escape from it downwards, the potential for a declining wave to 1887.00 might open.
The stock index has completed a wave of growth to 4520.0. A consolidation range could develop under this level today. An exit from the range downwards could open the potential for a declining wave to 4430.0, from where the trend could continue to 4400.0.
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.