Forex technical analysis and forecast: EUR/USD, GBP/USD, USD/RUB, USD/JPY, USD/CHF, AUD/USD, Brent, Gold, BTC/USD, SP500
|EUR/USD, “Euro vs US Dollar”
The currency pair has broken the level of 1.0970 upwards, extending the consolidation area to 1.1000. Today, the market is pushed to the lower border of this range. We are waiting for the level of 1.0922 to be reached, followed by growth to 1. 0970 and its test from below. Then the pair may return to 1.0922. After breaking it downwards, it may further decline to 1.0875. The goal is local.
GBP/USD, “Great Britain Pound vs US Dollar”
The currency pair reached the estimated goal of the decline at 1.2485. Today, the market has broken this level downwards. It may further decline to 1.2385. After this goal is reached, the pair may correct to 1.2515, testing this level from below. Then it may decline to 1.2310.
USD/RUB, “US Dollar vs Russian Ruble”
The currency pair has corrected to 74.10. At the market opening, we are expecting a decline to 72.00, followed by growth to 73.50 and a decline to 71.30. The goal is local.
USD/JPY, “US Dollar vs Japanese Yen”
The currency pair goes on developing a correction. The market has returned to 106.60. At the moment, the market is trading in a consolidation range, which may extend to 106.52. Then the pair may grow to 107.07. Breaking this level upwards, it may further grow to 107.57.
USD/CHF, “US Dollar vs Swiss Franc”
The currency pair has broken the consolidation area downwards, extending it to 0.9590. Today, the market is trading in a momentum of growth to 0.9656. Then it may correct to 0.9622. At these levels, a new consolidation area may develop. If the pair growth and breaks away 0. 9660, it may then grow to 0.9733. The goal is the first one of the uptrend.
AUD/USD, “Australian Dollar vs US Dollar”
The currency pair keeps developing a declining wave. The market has reached the estimated goal of the first wave at 0.6396. At the moment, the market is trading in the consolidation area at the lows. The pair may break 0.6400 upwards and correct to 0.6484. And if it declines and breaks the level of 0.6373 downwards, it may then decline to 0.6333.
BRENT
Oil keeps developing a consolidation area around 27.00. We are expecting it to extend to 29.00. Then the pair may decline to 27.00,testing it from above, and grow to 32.02. The goal is local.
XAU/USD, “Gold vs US Dollar”
Gold keeps developing a wave of growth to 1712.00. After this level is reached, the pair may correct to 1690.50 and grow to 1730.00. The goal is local.
Bitcoin
The market has demonstrated a wave of growth to 9180. The market today is trading in a wave of decline to 8618. Then a correction to 8919 is not excluded. A consolidation area is expected to develop at practically these levels. When the cryptocurrency escapes it downwards, it may further correct to 8470. Breaking this level downwards, too, the declining wave may develop to 7900. The goal is local.
SP 500
The index has performed a wave of decline to 2801.8. Today, the development of a consolidation range at these lows looks possible. However, it may grow to 2877.0 and then decline to 2691.4.
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