Forex technical analysis and forecast: Majors, equities and commodities

EUR/USD, “Euro vs US Dollar”

After finishing another ascending wave at 1.1815 and even extending the fifth structure towards 1.1849, EURUSD has returned to 1.1784; right now, it is consolidating around 1.1820. Possibly, today the pair may form one more ascending structure to reach the latter level or even break it. After that, the instrument may correct towards 1.1876. However, if the price breaks the range to the downside at 1.1780, the market may resume trading downwards with the target at 1.1660.

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

After failing to break 1.3060 to the downside on the first try, GBPUSD is consolidating in the middle of the range around 1.3100. Possibly, the pair may start another growth to reach 1.3140 and then resume falling with the short-term target at 1.2940.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is falling towards 73.93. Today, the pair may reach this level and then start a new correction towards 74.40. If later the price breaks the current range to the downside, the market may resume trading downwards to reach 71.90; if to the upside – form one more ascending structure with the target at 75.20.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is still growing towards 106.27 and may later fall to reach 105.68, thus forming a new consolidation range between these two levels. If the price breaks the current range to the downside, the market may resume trading downwards to reach 104.90; if to the upside – continue the correction with the target at 106.60.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9111. Possibly, the pair may break this range to the upside and reach the short-term target at 0.9150. Later, the market may start a new decline to return to 0.9111 and then form one more ascending structure with the first target at 0.9165.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.7173. Today, the pair may fall to break 0.7140 and then continue trading downwards with the short-term target at 0.7070.

BRENT

After breaking 45.60 to the upside, Brent is expected to reach 46.20. After that, the instrument may correct towards 45.15 and then resume trading upwards with the short-term target at 47.45.

XAU/USD, “Gold vs US Dollar”

Gold is still consolidating around 1934.55 and may fall towards the downside border at 1908.00. If later the price breaks this level, the market may resume trading downwards with the target at 1887.88 and then 1850.00. However, if this range is broken to the upside at 1944.44, the instrument may start another correction towards 1975.50 and then form a new descending structure to reach 1850.00.

BTC/USD, “Bitcoin vs US Dollar”

BTCUSD is consolidating around 11600.00. Possibly, today the pair may expand the range up to 11800.00 and then form a new descending structure to reach 11200.00 or even break it. After that, the instrument may continue the correction with the target at 11000.00 and then 10550.00.

S&P 500

After finishing the ascending wave at 3448.8, the S&P index is expected to correct towards 3413.7. Later, the market may resume moving upwards with the target at 3461.9.