Forex technical analysis and forecast: Majors, equities and commodities
|EUR/USD, “Euro vs US Dollar”
After breaking 1.1830 to the downside and then reaching 1.1731, EURUSD is consolidating above the latter level. Possibly, the pair may correct towards 1.1794 and then resume trading within the downtrend with the short-term target at 1.1720.
GBP/USD, “Great Britain Pound vs US Dollar”
After breaking 1.2900 to the downside and then reaching 1.2800, GBPUSD is consolidating around the latter level. Today, the pair may correct to reach 1.2868 and then continue moving inside the downtrend with the target at 1.2742.
USD/RUB, “US Dollar vs Russian Ruble”
After breaking 75.55 to the upside and then reaching 76.55, USDRUB is consolidating near the highs. Possibly, today the pair may expand the range up to 76.65 and resume trading downwards with the target at 74.74.
USD/JPY, “US Dollar vs Japanese Yen”
USDJPY has finished the correctional structure to test 104.81 from below. Today, the pair may resume trading downwards to break 103.95 and then continue falling with the short-term target at 103.25.
USD/CHF, “US Dollar vs Swiss Franc”
After finishing the ascending structure at 0.9170, USDCHF is consolidating below this level. Possibly, the pair may correct towards 0.9090 and then form one more ascending structure within the uptrend to reach 0.9190.
AUD/USD, “Australian Dollar vs US Dollar”
After breaking 0.7290 to the downside and then reaching 0.7190, AUDUSD is consolidating above the latter level. Possibly, today the pair may correct towards 0.7260 and then resume trading downwards with the target at 0.7160.
BRENT
After breaking 42.80 to the downside and finishing the correction at 41.41, Brent is growing to test 42.80 from below. Later, the market may start a new decline to reach 41.27 and then form one more ascending structure with the target at 44.11.
XAU/USD, “Gold vs US Dollar”
After breaking 1933.70 to the downside and then reaching 1883.70, Gold is expected to correct towards 1933.70 and test it from below. After that, the instrument may resume trading within the downtrend with the target at 1850.00.
BTC/USD, “Bitcoin vs US Dollar”
After breaking 10730.00 to the downside and then reaching 10255.00, BTCUSD is expected to correct towards 10720.00. Later, the market may resume trading downwards with the target at 9333.00
S&P 500
After breaking 3315.0 to the downside and then reaching 3230.4, the S&P index is expected to correct towards 3310.0 and test it from below. After that, the instrument may resume trading downwards with the short-term target at 3200.0.
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