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XAU/USD

EUR/USD

GBP/USD

Silver

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Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD is still consolidating above 1.1850. If later the price breaks this range to the upside at 1.1880, the market may resume growing towards 1.1900 or even reach the target at 1.1950; if to the downside at 1.1850 – start a new correction towards 1.1815 and then form one more ascending structure with the above-mentioned target.

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

GBP/USD is still moving upwards; right now, it is trying to break 1.3330 to the upside. Possibly, the pair may succeed and then continue growing towards 1.3345 or even reach 1.3360. After that, the instrument may start a new correction with the target at 1.3240.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is falling towards 75.00 and may later correct to reach 75.60. After that, the instrument may fall towards 74.50 and then start a new correction with the target at 77.70.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is still consolidating above 103.70. Today, the pair may fall towards 103.30 and then form one more ascending structure to return to 103.70. Later, the market may resume trading downwards with the target at 102.50.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is consolidating above 0.9099. Possibly, the pair may break this level to the downside and resume falling towards 0.9077. After that, the instrument may form one more ascending structure to return to 0.9099 and then resume falling with the target at 0.9060.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is consolidating around 0.7292. Possibly, the pair may expand the range up to 0.7330 and then start a new descending structure to return to 0.7292. If later the price breaks this level to the downside, the market may start another correction with the target at 0.7244.

BRENT

After forming another consolidation range around 44.30 and breaking it to the upside, Brent is expected to continue growing towards 45.55. Later, the market may correct to return to 44.30 and then form one more ascending structure with the target at 48.50.

XAU/USD, “Gold vs US Dollar”

After completing the ascending structure at 1874.30, Gold is consolidating below this level. Possibly, the metal may fall to break 1863.50 and then continue moving downwards with the target at 1849.74.

BTC/USD, “Bitcoin vs US Dollar”

BTC/USD has finished the ascending wave at 18880.00. Today, the asset may correct with the first target at 17600.00 and then start another growth towards 18250.00, thus forming a new consolidation range between these two levels. If later the price breaks this range to the downside, the market may continue the correction with the short-term target at 16600.00.

S&P 500

The S&P index is still falling to reach 3531.1 and may later grow towards 3586.8, thus forming a new consolidation range. If the price breaks this range to the downside, the market may continue the correction with the target at 3450.0; if to the upside – start another growth to reach 3650.0.

Author

RoboForex Team

RoboForex

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.

AUD/USD consolidates above 0.7000; remains close to monthly top

AUD/USD holds steady above 0.7000 during the Asian session on Friday, trading just below the previous day's monthly low amid diverging forces. A hawkish RBA continues to support the Aussie, while the recent decline in US bond yields keeps the US Dollar depressed near a three-week low. However, oil-driven inflation fears reinforce Fed hike bets, which, along with geopolitical risks, could benefit the safe-haven buck and cap the currency pair.

USD/JPY bounces off one-month low; climbs to 157.00 amid reviving USD demand

USD/JPY rebounds from the 156.00 neighborhood, or a one-month low touched during Friday’s Asian session, with bulls looking to extend momentum beyond 157.00 amid the emergence of some US Dollar buying. Meanwhile, Japan's National CPI rose to a nine-month peak and reaffirmed BoJ rate-hike bets, which could support the Japanese Yen and cap gains for the currency pair.

Gold treads water around $4,000

Gold prices maintain its offered stance in place at the end of the week, hovering around the key $4,000 threshold per troy ounce. The persistent selling bias in the precious metal comes amid decent gains in the US Dollar and an acceptable rebound in US Treasury yields across the curve, all alongside further upside traction in crude oil prices.

Week ahead: Central bank and earnings bonanza could roil markets

After joining the rate-hike club in September, the Federal Reserve looks set to stand pat in October, waiting to assess more data before deciding to hike again. Whilst this isn’t an unusual move for a central bank, it somewhat contradicts Fed Chair Kevin Warsh’s new mantra of data dependency and zero forward guidance.

CFTC Report: WTI rally runs ahead of positioning

The week in one sentence: WTI prices surged while speculative longs were cut in the week to October 20, creating the clearest price/positioning divergence. Sterling and the Canadian Dollar led the constructive currency shift, while Yen longs also rebuilt. Speculators turned less constructive on the WTI, reducing their net exposure to around 89.3K contracts.

What November 3 means for the Fed's rate path and the US Dollar

The USD faces a decisive period ahead of the November 3 midterm elections. While markets anticipate another interest rate increase from the Fed in December, the battle for control of Congress could reshape fiscal policy expectations and, indirectly, the path of US monetary policy in 2027.