EURUSD, “Euro vs US Dollar”
EURUSD has completed a wave of decline to 1.0818. Today the market is correcting this wave of decline. A link of growth to 1.0885 is not excluded, followed by a decline to 1.0795, from where the trend might continue to 1.0750. This is a local target.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed an impulse of decline to 1.2614. A link of correction to 1.2750 is expected today. After it is over, a new wave of decline to 1.2550 could develop, from where the trend might continue to 1.2480.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed a wave of correction to 144.55. Today the market has started a new wave of growth with the first target at 145.55. After the quotes reach this level, a decline to 145.05 is not excluded, followed by a rise to 146.30, from where the trend could continue to 146.77.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF continues developing a correction to 0.8740. After the correction is over, a new wave of growth to 0.8822 might start. And with a breakout of this level the potential for a rise to 0.8888 could open.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed a wave of correction to 0.6486. Today the market is forming a consolidation range under this level. Exiting the range downwards, the price could open the potential for a wave of decline to 0.6418. And a breakout of this level downwards might let the trend extend to 0.6352. This is a local target.
Brent has completed a wave of correction to 81.70. Today the market is forming the first wave of growth to 83.73. After the price reaches this level, a link of decline to 82.70 is not excluded, followed by a rise to 86.77, from where the trend could continue to 88.30.
XAUUSD, “Gold vs US Dollar”
Gold has formed a consolidation range around 1905.00. An escape from the range upwards might provoke a correction to 1923.00. Next, a link of decline to 1905.00 (with a test from above) and a rise to 1925.00 might follow. After the correction is over, the trend could continue to 1868.50. This is a local target.
The stock index has performed a wave of correction to 4434.0. A consolidation range has formed around this level. Escaping the range upwards, the price might continue the correction to 4479.0. Next, a decline to 4434.0 (with a test from above) and a rise to 4484.0 could follow. After the correction is over, a new wave of decline to 4333.0 might start.
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.