Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After completing the ascending wave at 1.1830 and then forming another consolidation range around this level, EURUSD has broken the range upwards and may later continue growing to reach 1.1880. After that, the instrument may correct towards 1.1840 and then start a new growth with the target at 1.1917 or even reach 1.1930.
GBPUSD, “Great Britain Pound vs US Dollar”
After finishing the ascending wave at 1.3203 and then forming a new consolidation range around this level, GBPUSD has broken the range upwards and may later continue growing to reach 1.3258. After that, the instrument may correct to return to 1.3203 and then resume trading upwards with the target at 1.3300.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has finished the ascending wave at 77.66. Possibly, today the pair may fall to reach 76.16 and then grow towards 76.90, thus forming a new consolidation range around the latter level. If later the price breaks this range to the downside, the market may start another decline with the target at 75.00 or even reach 74.60.
USDJPY, “US Dollar vs Japanese Yen”
After rebounding from 105.12 and then reaching 104.70, USDJPY has formed a new consolidation range around the latter level just to break it to the downside. Possibly, the pair may continue moving downwards towards 103.70. Later, the market may start another correction to return to 104.70 and then form a new descending structure with the target at 102.50.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is falling towards 0.9111 and may later grow to reach 0.9151, thus forming a new consolidation range between these two levels. If the price breaks this range to the downside, the market may continue the correction with the target at 0.9070.
AUDUSD, “Australian Dollar vs US Dollar”
After finishing the ascending wave at 0.7267 and then forming a new consolidation range around this level, AUDUSD has broken the range to the upside. Today, the pair may form one more ascending structure towards 0.7314 and then start a new decline with the first target at 0.7267.
BRENT
After breaking 43.63 downwards, Brent is consolidating below this level. Possibly, the asset may fall to reach 42.66 and then form one more ascending wave to break 43.64. Later, the market may continue trading upwards with the target at 45.30 or even reach 48.50.
XAUUSD, “Gold vs US Dollar”
After reaching 1894.76, Gold is consolidating below this level. Today, the metal may form a new descending structure to reach 1876.15 and then resume trading upwards with the target at 1902.76.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD has reached the correctional target at 15700.00; right now, it is growing towards 16275.00. Later, the market may start a new decline to reach 15970.00 and then form one more ascending wave with the target at 16500.00.
S&P 500
After forming another consolidation range below 3582.4, the S&P index has broken it to the upside. Possibly, the asset may continue growing to reach 3639.1 and then start a new correction towards 3596.6. After that, the instrument may resume trading upwards with the target at 3673.6.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- Gold Falls for the Fifth Consecutive Trading Session Nov 14, 2024
- Profit-taking is observed on stock indices. The data on wages in Australia haven’t met expectations Nov 13, 2024
- USD/JPY at a Three-Month Peak: No One Opposes the US Dollar Nov 13, 2024
- Can Chinese Tech earnings offer relief for Chinese stock indexes? Nov 13, 2024
- Bitcoin hits an all-time high above $88,000. Oil remains under pressure Nov 12, 2024
- Brent Crude Stumbles as Market Sentiments Turn Cautious Nov 12, 2024
- Bitcoin hits new record high just shy of $82,000! Nov 11, 2024
- The Dow Jones broke the 44 000 mark, and the S&P 500 topped 6 000 for the first time. The deflationary scenario continues in China Nov 11, 2024
- AUD/USD Stabilises as Traders Await Economic Signals Nov 11, 2024
- COT Metals Charts: Speculator Bets led lower by Gold, Silver & Platinum Nov 10, 2024
