Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has finished the descending wave at 1.0080; right now, it is consolidating around this level. If later the price breaks the range to the downside, the market may resume falling towards 1.0020; if to the upside – start another correction with the target at 1.0140.
GBPUSD, “Great Britain Pound vs US Dollar”
After completing the descending wave at 1.1906, GBPUSD is forming a new consolidation range around this level. If later the price breaks the range to the downside, the market may resume trading downwards to reach 1.1877; if to the upside – start a new correction with the target at 1.1955.
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 ascending wave at 136.36; right now, it is consolidating around this level. If later the price breaks the range to the upside, the market may resume growing towards 137.47; if to the downside – start another correction with the target at 134.00.
USDCHF, “US Dollar vs Swiss Franc”
After completing the ascending wave at 0.9555 and forming a new consolidation range around this level, USDCHF has broken it upwards and may soon continue growing towards 0.9610. Later, the market may fall to return to 0.9555 and then form one more ascending structure with the target at 0.9625.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed the descending wave at 0.6885; right now, it is consolidating there. Today, the pair may break the range to the downside and start a new decline with the target at 0.6834, or even extend this structure down to 0.6814.
BRENT
Having formed a new consolidation range around 95.95 and breaking it upwards, Brent continues growing to reach 100.20. After that, the instrument may start another correction down to 96.00 and then resume trading upwards with the target at 101.11.
XAUUSD, “Gold vs US Dollar”
Gold has completed the descending wave at 1757.33; right now, it is consolidating there. If later the price breaks the range to the downside, the market may resume falling towards 1743.83; if to the upside – form one more ascending structure with the target at 1777.00.
S&P 500
The S&P index is falling towards 4248.4. After that, the instrument may start a new correction up to 4288.0 and then resume falling with the short-term target at 4161.0.
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 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
- The Dow Jones has fallen for 9 consecutive trading sessions. Inflationary pressures are easing in Canada. Dec 18, 2024
- Gold Holds Steady as Investors Await Federal Reserve’s Rate Decision Dec 18, 2024
