Forex technical analysis and forecast: Majors, equities and commodities

EUR/USD, “Euro vs US Dollar”

After reaching 1.1900 and then finishing the descending impulse at 1.1760, EURUSD is consolidating near these lows. If later the price breaks this range to the downside, the instrument may form a new descending structure to reach 1.1690; if to the upside – resume trading upwards with the target at 1.1850.

GBP/USD, “Great Britain Pound vs US Dollar”

After breaking 1.3060 to the upside and reaching 1.3173, GBPUSD has finished the descending impulse towards 1.3086. Today, the pair may consolidate around the later level. Possibly, the price may break the range to the downside and fall towards 1.3010. After that, the instrument may start a new correction to return to 1.3086.

USD/RUB, “US Dollar vs Russian Ruble”

After completing the ascending wave at 73.90, USDRUB is expected to consolidate around this level. Possibly, today the pair may fall towards 73.14 and then grow to reach 73.80. If later the price breaks this range to the downside, the instrument may correct 72.20 and then form one more ascending structure with the target at 74.44.

USD/JPY, “US Dollar vs Japanese Yen”

After finishing the ascending impulse at 105.80, USDJPY is consolidating around this level. Possibly, the pair may fall to break 105.60 and then continue trading downwards with the target at 105.00. However, if the price breaks the range to the upside at 106.30, the market may start another growth to reach 107.40.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has completed the ascending impulse at 0.9150; right now, it is consolidating around this level. If later the price breaks this range to the upside, the instrument may resume trading upwards to reach 0.9237; if to the downside – form a new descending structure with the target at 0.9100.

AUD/USD, “Australian Dollar vs US Dollar”

After completing the ascending structure at 0.7222 and the first descending impulse towards 0.7140, AUDUSD is consolidating around the latter level. Possibly, the pair may grow to reach 0.7171 and then start a new decline to break 0.7111. After that, the instrument may continue trading downwards with the target at 0.7066.

BRENT

Brent is still consolidating below 43.83. Possibly, the pair may form a new descending structure to reach and then resume growing to break 44.40. Later, the market may continue trading upwards to reach 45.80 or even 46.46. However, if the price rebounds from 44.30 to the downside and then breaks 42.72, the price may continue the correction with the target at 40.20.

XAU/USD, “Gold vs US Dollar”

After completing another ascending wave at 1990.50, Gold is correcting to reach 1960.60, at least. After that, the instrument may grow to break 1990.60 and then continue trading upwards with the target at 2012.20. However, if the price rebounds from 1990.60 to the downside and then breaks 1960.60, the instrument may start a new correction towards 1902.20.

BTC/USD, “Bitcoin vs US Dollar”

After breaking 11400.00 to the upside and then reaching 12100.00, BTCUSD has completed the descending impulse at 10500.00 along with the correction to test 11400.00 from below; right now, it is consolidating below the latter level. If the price falls and breaks 11000.00, the market may form a new descending structure to break 10700.00. After that, the instrument may continue trading downwards with the short-term target at 9550.00.

S&P 500

After rebounding from 3222.2 the S&P index is moving upwards; right now, it is not far from the upside border of the range at 3280.0. If the price breaks the border, the instrument may continue trading upwards with the short-term target at 3345.5.