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Forex technical analysis and forecast: Majors, equities and commodities

EUR/USD, “Euro vs US Dollar”

After finishing another ascending wave at 1.1860 and then reaching 1.1818, EURUSD has formed a new consolidation range around the latter level just to break it to the downside and reach 1.1793; right now, it is growing to return to 1.1818 and break it. After that, the instrument may move upwards to break 1.1870 and then continue trading to the upside to reach at least 1.1930. However, if the price falls and breaks 1.1780, the market may start another decline with the target at 1.1700.

EURUSD

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

After forming a new consolidation range at 1.3066, breaking it to the upside, and then reaching the target at 1.3127, GBPUSD has returned to 1.3045; right now, it is consolidating around 1.3066. If later the price breaks this range to the upside at 1.3095, the market may start a new growth to break 1.3128 and then continue trading upwards to reach 1.3222; if to the downside at 1.3040 – resume moving inside the downtrend with the target at 1.2970.

GBPUSD

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is still consolidating around 73.73 without any particular direction. According to the main scenario, the price is expected to fall to break 72.30 and then continue trading downwards with the short-term target at 70.80.

USDRUB

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is consolidating around 106.78. Possibly, today the pair may fall to reach 105.40 and then start another growth towards 106.78. If later the price breaks this range to the downside, the market may form a new descending structure with the target at 105.95.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is still consolidating around 0.9100. If later the price breaks this range to the downside, the market may start a new decline to reach 0.9050 or even 0.9000; if to the upside – resume moving upwards with the target at 0.9150 or even 0.9222.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is still consolidating around 0.7155. If later the price breaks this range to the upside at 0.7183, the market may start a new growth to reach 0.7222; if to the downside at 0.7130 – resume moving inside the downtrend with the target at 0.7100 or even 0.7070.

AUDUSD

BRENT

After breaking 45.45 to the downside, Brent is expected to correct towards 45.00 and may later grow to break 45.95. After that, the instrument may continue growing with the short-term target at 47.00.

Brent

XAU/USD, “Gold vs US Dollar”

After completing another ascending wave at 1960.60, Gold is consolidating below it. If later the price breaks this range to the downside, the market may start a new decline towards 1850.00; if to the upside – resume trading upwards with the target at 1980.98 or even 2020.70.

XAUUSD

BTC/USD, “Bitcoin vs US Dollar”

After finishing the correction at 11830.00, BTCUSD is expected to fall and break 11400.00 to the downside. After that, the instrument may form a new descending structure towards 11000.00 or even 10500.00. However, if the price rebounds from 11500.00 and then breaks 11850.00, the market may continue trading upwards with the target at 12500.00.

BTCUSD

S&P 500

After returning to 3364.0, the S&P index is growing towards 3395.1. Possibly, the asset may try to reach 3400.0. Later, the market may start a new correction with the target at 3333.0.

SP500

Author

RoboForex Team

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

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