Forex Technical Analysis & Forecast 06.10.2022

October 6, 2022

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After completing the descending wave at 0.9834 along with the correction up to 0.9922, EURUSD is expected to fall to break 0.9800 and then continue trading downwards with the short-term target at 0.9744.


GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has finished the descending structure at 1.1226 along with the correction up to 1.1355. Today, the pair may resume trading downwards to break 1.1220 and then continue falling with the short-term 1.1000.


Free Reports:

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.





Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter






USDJPY, “US Dollar vs Japanese Yen”

Having completed the ascending wave at 144.80, USDJPY is expected to resume falling to break 144.06 and then continue trading downwards with the target at 143.50.


USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating above 0.9797. Possibly, the pair may form one more ascending wave to reach 0.9999 and then start a new decline with the target at 0.9700.


AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.6500. Possibly, today the pair may grow to reach 0.6600 and then resume trading downwards with the target at 0.6400.


BRENT

After finishing the ascending wave at 94.76, Brent is forming a new consolidation there. Possibly, the asset may break the range to the upside and resume growing towards 95.00, or even extend this structure to reach the short-term target at 97.30.


XAUUSD, “Gold vs US Dollar”

After completing the descending wave at 1700.44 along with the correction up to 1722.22, Gold is expected to form a new descending structure to break 1694.22 and then continue trading downwards with the target at 1660.00.


S&P 500

Having finished the ascending wave at 3800.0, the S&P index is expected to start a new decline to break 3666.6 and then continue falling with the short-term target at 3500.0.

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.

InvestMacro

Share
Published by
InvestMacro

Recent Posts

Argentina’s soaring poverty levels don’t seem to be hurting president Javier Milei – but the honeymoon could be over

By Nicolas Forsans, University of Essex  Argentina, a nation once ranked among the wealthiest in…

1 hour ago

Riksbank and Banxico cut interest rates by 0.25%. BoE, Norges Bank, and PBoC left rates unchanged

By JustMarkets  At the end of Thursday, the Dow Jones Index (US30) was up 0.04%.…

3 hours ago

Week Ahead: US500 “Santa Rally” still in play?

By ForexTime  US500 ↑ 23% year-to-date December: Produced returns 70% of time since 1995 Gained…

4 hours ago

Brent Oil Under Pressure Again: USD and China in Focus

By RoboForex Analytical Department Brent crude oil prices fell below 73 USD per barrel on…

4 hours ago

The US Federal Reserve cut rates by 0.25% but signaled a more hawkish approach next year.

By JustMarkets At Wednesday’s close, the Dow Jones Index (US30) was down 2.58%. The S&P…

1 day ago

Market round-up: BoE & BoJ hold, Fed delivers ‘hawkish’ cut

By ForexTime BoE keeps ‘gradual’ cut prospects alive Dovish BoJ sends Yen into intervention zone…

1 day ago

This website uses cookies.