Forex technical analysis and forecast: Majors, equities and commodities
|EUR/USD, “Euro vs US Dollar”
Having broken 1.0186 downwards, EURUSD is expected to continue falling towards 1.0122 and may later start another growth to return to 1.0186. After that, the instrument may resume trading downwards with the target at 1.0120, or even extend this structure down to 1.0080.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD continues forming the descending wave towards 1.1970. Later, the market may start another growth with the first target at 1.2187.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY is growing towards 135.74. After that, the instrument may start a new decline with the target at 129.50.
USD/CHF, “US Dollar vs Swiss Franc”
Having completed the ascending wave at 0.9630, USDCHF is consolidating around this level. If later the price breaks this range to the downside, the market may start another correction towards 0.9555; if to the upside – form one more ascending structure with the target at 0.9725.
AUD/USD, “Australian Dollar vs US Dollar”
AUDUSD has finished the descending wave at 0.6888; right now, it is correcting upwards. After that, the instrument may resume falling with the short-term target at 0.6814.
Brent
Brent is still consolidating around 96.90. Today, the asset may expand the range down to 93.00. Later, the market may grow towards 98.88 and then resume trading downwards with the target at 92.50.
XAU/USD, “Gold vs US Dollar”
Gold is still correcting down to 1751.30. After that, the instrument may resume trading upwards with the target at 1822.00.
S&P 500
The S&P index is consolidating above 4110.0. Possibly, today the asset may grow towards 4211.0. Later, the market may resume trading downwards to break 4070.0 and then continue falling with the first target at 3923.4.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.