Forex technical analysis and forecast: Majors, equities and commodities

EUR/USD, “Euro vs US Dollar”

After finishing the descending wave at 1.1684 and then the ascending structure towards 1.1720, EURUSD is consolidating around the latter level. Possibly, the pair may grow to reach 1.1757 and then form a new descending structure to break 1.1717. Later, the market may continue trading within the downtrend with the first target at 1.1670.

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

After completing the descending wave at 1.2800 and rebounding from this level, GBPUSD is expected to start another growth to reach 1.2950. After that, the instrument may fall towards 1.2835 and then form one more ascending structure to reach 1.2894. Later, the market may resume moving inside the downtrend with the first target at 1.2800.

USD/RUB, “US Dollar vs Russian Ruble”

After breaking 78.45 and completing the descending wave at 77.55, USDRUB is expected to grow and test 78.44 from below. After that, the instrument form one more ascending structure with the first target at 76.96.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating above 105.40. Possibly, today the pair may break this level to the downside and continue the correction towards 105.00. Later, the market may form start another growth to reach 106.00 and then resume falling to return to 105.00.

USD/CHF, “US Dollar vs Swiss Franc”

After rebounding from 0.9240 and finishing another descending structure at 0.9165 (the entire descending movement may be considered as a Flag correctional pattern), USDCHF has completed the ascending impulse towards 0.9222; right now, it is correcting to reach 0.9191. The main scenario implies that the price may grow to break 0.9207 and then continue trading within the uptrend to reach 0.9236 or even the short-term target at 0.9280. However, according to an alternative scenario, the instrument may rebound from 0.9207, break 0.9191, and then continue moving downwards to return to 0.9165.

AUD/USD, “Australian Dollar vs US Dollar”

After rebounding from 0.7100, AUDUSD is growing towards 0.7182. After that, the instrument may form a new descending structure to reach 0.7117 and then grow towards 0.7150, thus forming another consolidation range between these two levels. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 0.7000.

BRENT

Brent continues growing towards 43.00. After that, the instrument may correct to reach 41.82 and then form one more ascending structure to return to 43.00. If later the price breaks the latter level to the upside, the market may continue moving within the uptrend with the short-term target at 44.60.

XAU/USD, “Gold vs US Dollar”

After finishing the ascending structure at 1900.00 along with the correction towards 1888.50, Gold is expected to start another decline to reach 1875.90. Later, the market may resume trading upwards with the first target at 1906.00.

BTC/USD, “Bitcoin vs US Dollar”

BTCUSD is still consolidating around 10661.00 not far from the upside border of the range. Today, the asset may reach 10862.00 and then fall to break 10510.00. After that, the instrument may continue trading within the downtrend with the target at 10000.00.

S&P 500

After finishing the correction of the form of a Flag at 3380.0, the S&P index is moving close to the highs. Possibly, the asset may reach 3400.0. After that, the instrument may start a new decline to break 3303.0 and then continue falling with the target at 3202.5.