EURUSD, “Euro vs US Dollar”
EURUSD has completed a wave of growth to 1.0638. The market has formed a consolidation range under this level and, escaping it downwards, continues developing the declining wave to 1.0470. After the price hits this level, a link of growth to 1.0550 is not excluded (with a test from below), followed by a decline to 1.0424.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed a wave of growth to 1.2337. By now, the market has formed a consolidation range under this level. Breaking the range downwards, the market completed a declining wave to 1.2171. A link of correction to 1.2222 is not excluded (with a test from below), followed by a decline to 1.2121. This is a local target.
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 completed a wave of growth to 149.81. A link of decline to 149.00 is expected (with a test from above). Next, a link of growth to 150.75 might follow.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has completed a wave of decline to 0.8989. By now, the market has formed a consolidation range above this level and is forming a growing impulse to 0.9122, escaping the range upwards. This is the first target.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed a rising link to 0.6444. Practically, the market demonstrates the wave of growth as complete. By now, a consolidation range has formed under 0.6444 and, escaping it downwards, the market develops an impulse of decline to 0.6262. This is a local target.
BRENT
Brent continues forming a consolidation range around 86.00. A link of decline to 84.00 is not excluded, followed by a rising link to 89.00. This is the first target.
XAUUSD, “Gold vs US Dollar”
Gold has completed a wave of growth to 1884.80. Today the market has performed a declining impulse to 1867.00 and a rising link to 1876.55. Practically, a consolidation range has formed which the price might later break downwards to 1847.77. This is the first target.
S&P 500
The stock index is forming a declining impulse to 4310.0. Next, the quotes might rise to 4355.0 (with a test from below). Next, a new wave of decline to 4200.0 might begin. This is a local target.
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
