EURUSD, “Euro vs US Dollar”
EURUSD has completed a declining impulse to 1.0658, correcting to 1.0714 today. An extension of the correction to 1.0725 is not excluded. Next, the declining wave could continue to 1.0630. With a downward breakout of this level, the potential for a wave to 1.0540 might open. This is a local target.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has performed a declining impulse to 1.2245, correcting to 1.2300 today. A new link of growth to 1.2333 might develop later. Next, a new wave of decline to 1.2222 is expected to begin. If this level breaks downwards, the potential for a wave to 1.2073 could open. This is a local target.
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USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed a wave of growth to 151.04. Today the quotes could correct to 150.05. Next, a new wave of growth to 151.44 might begin, opening the potential for 152.15 once the 151.44 level breaks upwards.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has completed a wave of growth to 0.9030, and a link of decline to 0.8970 is expected today. Practically, a consolidation range is forming at these levels. With an escape from this range downwards, a decline to 0.8918 might follow. And with an escape upwards, the potential for a rising wave to 0.9133 might open.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD continues developing a wave of decline to 0.6383. Once this level is reached, a link of correction to 0.6450 is not excluded, followed by a decline to 0.6333. This is a local target.
BRENT
Brent has completed a declining wave to 79.11. Practically, the potential of the declining wave has expired. A consolidation range could form above the 79.11 level today. With an escape upwards, the potential for a wave of growth to 85.75 could open. This is the first target.
XAUUSD, “Gold vs US Dollar”
Gold continues developing a consolidation range around 1961.55. With an escape downwards, the potential for a declining wave to 1920.00 might open. Next, a link of correction to 1960.00 is expected (with a test from below), followed by a decline to 1913.50. This is the first target.
S&P 500
The stock index has completed a declining impulse to 4362.2, correcting to 4390.0 today. Next, a wave of decline to 4330.3 is expected, from where the trend could continue to 4242.0. This is the first 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.
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