EURUSD, “Euro vs US Dollar”
The currency pair has completed a wave of decline to 1.0600. Today the market might demonstrate a link of correction to 1.0640. Then a decline to 1.0584 should follow. And with a breakaway of this level as well, a pathway for the wave down to 1.0579 should open.
GBPUSD, “Great Britain Pound vs US Dollar”
The currency pair continues developing a structure of decline to 1.2000. After this level is reached, a consolidation range should form around it. With an escape downwards, a pathway to 1.1900 should open. And with a breakaway of this one, a pathway for the wave down to 1.1866 should open.
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”
The currency pair has completed a wave of correction to 134.36. Today a link of growth to 135.25 is expected. And with a breakaway of this level upwards as well, a pathway for a wave to 136.00 should open. Then a link of decline to 135.24 and growth to 136.55 are not excluded.
USDCHF, “US Dollar vs Swiss Franc”
The currency pair continues developing a consolidation range around 0.9300. Today a link of decline to 0.9282 looks possible. Then the quotes might grow to 0.9330, from where the wave should continue to 0.9380.
AUDUSD, “Australian Dollar vs US Dollar”
The currency pair has completed a structure of a wave of decline to 0.6793. Today the market is forming a link of correction to 0.6848. After the correction is over, a link of decline to 0.6780 should begin.
BRENT
Brent has completed a wave of decline to 80.30. Today a consolidation range should develop above this level. With an escape upwards, a wave of growth to 83.33 should start. The goal is first.
XAUUSD, “Gold vs US Dollar”
Gold has broken through 1831.15 down, extending the consolidation range to 1823.15. A test of 1831.18 from below is not excluded today. Then a decline to 1818.00 should follow, so that the wave should continue to 1815.00.
S&P 500
The stock index has completed a wave of decline to 3977.7. Today a consolidation range is forming above this level. With an escape upwards, a pathway for a wave to 4028.0 should open. Then a consolidation range might develop, and with an escape upwards the pair might grow to 4081.0.
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 Metals Charts: Weekly Speculator Changes led by Platinum Nov 23, 2024
- COT Bonds Charts: Speculator Bets led lower by 5-Year & 10-Year Bonds Nov 23, 2024
- COT Soft Commodities Charts: Speculator Bets led lower by Soybean Oil, Soybean Meal & Cotton Nov 23, 2024
- COT Stock Market Charts: Speculator Changes led by S&P500 & Nasdaq Minis Nov 23, 2024
- Bitcoin price is approaching 100,000. Natural gas prices rise due to declining inventories and cold weather Nov 22, 2024
- USD/JPY Awaits Potential Stimulus Impact Nov 22, 2024
- RBNZ may cut the rate by 0.75% next week. NVDA report did not meet investors’ expectations Nov 21, 2024
- NZD/USD Under Pressure Amidst USD Strength Nov 21, 2024
- USDJPY bulls venture into intervention zone Nov 20, 2024
- The PBoC kept interest rates. The escalating war between Ukraine and Russia is negatively affecting investor sentiment Nov 20, 2024
