EURUSD, “Euro vs US Dollar”
EURUSD has corrected to 1.1228. At a certain point, the market performed another wave of decline to 1.1118. This is a local target. A link of correction to 1.1170 might develop today. After it is over, a new wave of decline to 1.1077 could start.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has performed a corrective structure to 1.2962. At a certain point, the market demonstrated a new impulse of decline to 1.2840. A link of correction to 1.2915 is not excluded today. After it is over, the wave might continue to 1.2770. This is a local target.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY goes on to develop a structure of growth to 140.55. After it reaches this level, a link of correction to 139.11 is expected. Next, the wave of growth might continue to 140.95, after which a decline to 139.00 could follow.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has broken the 0.8622 level upwards and goes on developing a wave of growth to 0.8697. After it reaches this level, a link of correction to 0.8620 is expected, followed by a rise to 0.8799.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached a correction target of 0.6846. At a certain point, the market demonstrated a declining impulse to 0.6777. A consolidation range is forming around it today. The price is expected to break the range downwards and extend the wave to 0.6700. This is a local target.
BRENT
Brent continues forming a consolidation range around 79.71 without any expressed trend. Today a breakout of 80.00 is expected, after which the wave might extend to 82.42, and the trend might continue to 84.00. This is a local target. After the price hits this level, a correction to 78.00 could start.
XAUUSD, “Gold vs US Dollar”
Gold has completed a structure of decline to 1965.25. A correction to 1976.40 looks possible today. Next, a decline to 1960.85 is likely to follow. This is the first target. After the price hits this level, a correction to 1974.44 could start, followed by a decline to 1948.00.
S&P 500
The stock index is forming a structure of a declining wave to 4503.0 today. After it reaches this level, a link of correction to 4534.4 is not excluded, followed by a decline to 4486.6. 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.