Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
The pair has bounced off 0.9970 downwards. This practically opens a pathway down to 0.9684. After this level is reached, a link of correction to 0.9820 (a test from below) is not excluded. Next, a decline to 0.9565 should follow.
GBPUSD, “Great Britain Pound vs US Dollar”
The pair has completed a wave of correction to 1.1555. Today the market is forming a structure of an impulse of decline to 1.1330. If it is broken away, a pathway to 1.1100 will open.
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”
The pair completed a wave of decline to 145.70. Today the market has performed an impulse of growth to 147.77. At the moment, it is forming a consolidation range under this level. With an escape upwards, a pathway to 149.00 will open. With an escape downwards, the pair may drop to 143.40.
USDCHF, “US Dollar vs Swiss Franc”
The pair continues forming a consolidation range around 0.9937. Today the market is trying to break this level away upwards. Growth to 1.0144 is expected. After this level is reached, a link of correction to 1.0030 is not excluded.
AUDUSD, “Australian Dollar vs US Dollar”
The pair has completed a structure of decline to 0.6344. Today the market is forming a consolidation range around this level. The wave of growth is likely to continue to 0.6210.
BRENT
Crude oil continues forming a consolidation range around 97.30 without any expressed trend. Practically, a wave of growth is going to stretch to 99.10. After this level is reached, a link of correction to 96.00 is not excluded, followed by growth to 100.00.
XAUUSD, “Gold vs US Dollar”
Gold is forming a consolidation range around 1636.60. An escape downwards to 1604.22 is expected. After this level is reached, a wave of growth to 1628.88 should begin, followed by a decline to 1600.00.
S&P 500
The stock index continues developing a wave of decline to 3676.6. After this level is reached, a wave of growth to 3790.0 should begin.
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
