Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After rebounding from 1.1877, EURUSD has broken 1.1920 to the upside. Possibly, today the pair may grow to reach 1.1967 and then start a new correction to test 1.1920 from above. Later, the market may resume trading upwards to reach 1.1980 and then form a new descending structure with the first target at 1.1860.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD continues the correction towards 1.3792. After that, the instrument may resume falling to break 1.3680 and then continue trading downwards with the short-term target at 1.3590.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
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.
USDRUB, “US Dollar vs Russian Ruble”
After finishing the descending structure at 76.60, USDRUB is expected to consolidate around this level. If the price breaks this range to the downside, the market may fall with the short-term target at 75.57 and then start a new growth to return to 76.60.
USDJPY, “US Dollar vs Japanese Yen”
After completing the descending structure at 109.16 along with the correction towards 109.54, USDJPY is still falling to reach 108.60. After that, the instrument may form one more ascending structure with the target at 109.75.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still falling with the predicted target at 0.9191. Later, the market may form one more ascending structure towards 0.9313.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating around 0.7655. Possibly, the pair may expand the range up to 0.7727 and then start a new decline to reach 0.7454.
BRENT
Brent is still consolidating around 63.00 without any particular direction; right now, it is trading towards the upside border at 64.05. If the price breaks this range to the upside, the market may grow towards 65.50; if to the downside – resume trading downwards to complete this wave at 60.00 and then form one more ascending structure with the target at 66.00.
XAUUSD, “Gold vs US Dollar”
After finishing the correction at 1725.55, Gold has returned to 1749.25. Today, the metal may grow to break 1756.00 and then continue growing with the target at 1795.49.
S&P 500
The S&P index is still growing towards 4160.3. Later, the market may form a new descending structure with the first target at 4006.0.
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.
- The Dollar Index strengthened on Powell’s comments. The Bank of Mexico cut the rate to 10.25% Nov 15, 2024
- EURUSD Faces Decline as Fed Signals Firm Stance Nov 15, 2024
- 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
