Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is correcting towards 1.2136 and may later start another decline to reach 1.2090. After that, the instrument may correct towards 1.2145 and then resume trading downwards with the target at 1.2067.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating around 1.4111. Possibly, today the pair may continue trading downwards with the target at 1.4031 and then start another correction to reach 1.4141.
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”
USDRUB has completed another correctional structure at 72.30. Today, the pair may fall towards 71.30 and then consolidate around this level.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has finished the ascending wave at 110.05; right now, it is consolidating around this level. Possibly, the pair may start a new correction to reach 109.70 and then form one more ascending structure with the target at 110.15.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating around 0.8989. Possibly, the pair may break the range to the upside and reach 0.9052. Later, the market may start a new correction to return to 0.8989 and then form one more ascending structure with the target at 0.9066.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating around 0.7710. Possibly, today the pair may expand the range up to 0.7733 and then resume trading downwards with the first target at 0.7668.
BRENT
After completing the ascending wave at 73.00, Brent is consolidating below it. Possibly, the asset may resume trading upwards with the short-term target at 75.55. After that, the instrument may start a new correction to reach 70.00.
XAUUSD, “Gold vs US Dollar”
After finishing the descending wave at 1845.00, Gold has completed the ascending impulse towards 1861.00; right now, it is consolidating below the latter level. Possibly, the metal may form one more ascending structure to reach 1881.00 and then fall to return to 1845.00. Later, the market may break the latter level and continue trading downwards with the target at 1800.00.
S&P 500
The S&P index is still growing with the short-term target at 4275.1. After that, the instrument may correct downwards to reach 4166.0 and then form one more ascending structure with the target at 4303.0.
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.
- COT Metals Charts: Speculator Changes led lower by Gold & Platinum Nov 17, 2024
- COT Bonds Charts: Large Speculator bets led by 2-Year & Ultra Treasury Bonds Nov 17, 2024
- COT Soft Commodities Charts: Large Speculator bets led by Corn & Soybean Oil Nov 16, 2024
- COT Stock Market Charts: Speculator Bets led by MSCI EAFE & VIX Nov 16, 2024
- 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
