Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
Having finished the ascending wave at 1.0086, EURUSD is forming a new consolidation range around this level. If later the price breaks the range to the upside, the market may start another growth to reach 1.0151, or even extend this structure up to 1.0219; if to the downside – resume moving within the downtrend with the target at 1.0018.
GBPUSD, “Great Britain Pound vs US Dollar”
After completing the ascending wave at 1.1900, GBPUSD is expected to fall to break 1.1824 and then continue trading downwards to reach 1.1744. On the other hand, if the price grows and breaks 1.1900, the market may start another growth with the target at 1.2055.
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”
USDJPY has finished the descending structure at 138.02 and may later grow towards 138.70, thus forming a new consolidation range between these two levels. If the price breaks the range to the upside, the market may resume growing with the target at 140.00; if to the downside – start a new decline to reach 136.66.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still falling towards 0.9727. After that, the instrument may resume trading upwards with the target at 0.9911.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has finished the ascending wave at 0.6817. Today, the pair may resume falling to reach 0.6762 and then start a new growth with the target at 0.6842. Later, the market may form another descending wave towards 0.6660.
BRENT
Brent is still consolidating above 101.78. Possibly, the asset may form one more ascending structure towards 104.35, and then resume falling to return to 101.78. After that, the instrument may start another growth with the first target at 108.00.
XAUUSD, “Gold vs US Dollar”
Gold continues consolidating above 1700.27. If the price breaks the range to the upside, the market may resume growing with the target at 1767.44; if to the downside – start a new decline to reach 1688.15, and then form one more ascending structure towards the above-mentioned target.
S&P 500
The S&P index has finished the ascending structure at 3865.0; right now, it is consolidating this level. If later the price breaks the range to the upside, the market may resume growing to reach 4004.0. After that, the instrument may start a new decline to return to 3865.0 and then form one more ascending structure with the target at 4100.0.
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
