Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has rebounded from 1.0930; right now, it is falling towards 1.0801. After that, the instrument may correct to reach 1.0866 and then start a new decline with the target at 1.0686.
GBPUSD, “Great Britain Pound vs US Dollar”
Having rebounded from 1.3086, GBPUSD is trading downwards to reach 1/2950. Later, the market may start a new correction towards 1.3022 and then resume falling with the target at 1.2930.
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.
USDJPY, “US Dollar vs Japanese Yen”
After finishing the correctional wave at 128.60, USDJPY is expected to consolidate below this level. Later, the market may break the range to the downside and start another decline with the target at 127.44.
USDCHF, “US Dollar vs Swiss Franc”
Having rebounded from 0.9457, USDCHF is growing towards 0.9560. After that, the instrument may start another correction with the target at 0.9422.
AUDUSD, “Australian Dollar vs US Dollar”
After completing the correctional wave at 0.7465 along with the descending structure towards 0.7373, AUDUSD has formed a new consolidation range there. Possibly, today the pair may break the range to the downside and resume moving downwards with the target at 0.7300.
BRENT
After forming a new consolidation range around 108.33, Brent is expected to break it upwards and form one more ascending wave to reach 111.77. Later, the market may correct towards 108.55 and then resume moving within the uptrend with the target at 117.00.
XAUUSD, “Gold vs US Dollar”
Gold has completed the correctional wave at 1936.40; right now, it is consolidating above this level. If later the price breaks this range to the upside, the market may start another growth towards 1962.68 and then form a new descending structure to reach 1929.00. After that, the instrument may resume trading upwards with the target at 2025.00.
S&P 500
Having rebounded from 4513.0 and finished the descending wave at 4363.0, the S&P index is consolidating above this level. Possibly, the asset may break the range to the downside and resume trading downwards with the target at 4220.0 or even extend this structure down to 4139.0.
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.
- Canadian dollar declines after weak GDP data. Qatar threatens EU to halt natural gas exports Dec 24, 2024
- Goldman Sachs has updated its economic projections for 2025. EU countries are looking for alternative sources of natural gas Dec 23, 2024
- COT Bonds Charts: Speculator Bets led by SOFR 3-Months & 10-Year Bonds Dec 21, 2024
- COT Metals Charts: Speculator Bets led lower by Gold, Copper & Palladium Dec 21, 2024
- COT Soft Commodities Charts: Speculator Bets led by Live Cattle, Lean Hogs & Coffee Dec 21, 2024
- COT Stock Market Charts: Speculator Bets led by S&P500 & Russell-2000 Dec 21, 2024
- Riksbank and Banxico cut interest rates by 0.25%. BoE, Norges Bank, and PBoC left rates unchanged Dec 20, 2024
- Brent Oil Under Pressure Again: USD and China in Focus Dec 20, 2024
- Market round-up: BoE & BoJ hold, Fed delivers ‘hawkish’ cut Dec 19, 2024
- NZD/USD at a New Low: The Problem is the US Dollar and Local GDP Dec 19, 2024
