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EUR/USD

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Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After rebounding from 1.2100, EURUSD is growing to break 1.2160. Possibly, today the pair may reach 1.2200 and then correct to return to 1.2160. After that, the instrument may form one more ascending structure with the target at 1.2250.

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

GBPUSD is consolidating around 1.4137. Possibly, the pair may resume falling towards 1.4069 and then correct to return to 1.4137. Later, the market may start another decline with the target at 1.4050.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is still moving downwards to reach 73.00. After that, the instrument may start a new correction to the upside with the target at 74.00.

USD/JPY, “US Dollar vs Japanese Yen”

After completing the ascending wave at 106.10, USDJPY is consolidating below this level. Possibly, the pair may correct towards 105.6 and then resume trading upwards with the target at 106.26.

USD/CHF, “US Dollar vs Swiss Franc”

After finishing the ascending wave at 0.9085, USDCHF is falling towards 0.9045 and may later correct to reach 0.9060. After that, the instrument may start a new decline with the target at 0.8980.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has finished the ascending wave at 0.7955. Today, the pair may correct towards 0.7910б thus forming a new 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 0.7770.

BRENT

After rebounding from 64.00 and then breaking 65.20, Brent has finished another ascending structure towards 66.45. Today, the asset may correct to test 65.20 from above and then resume moving upwards with the target at 66.85.

XAU/USD, “Gold vs US Dollar”

Gold is still falling towards 1779.27 and may later start a new growth to reach 1796.85. After that, the instrument may form a new descending structure with the target at 1750.00.

BTC/USD, “Bitcoin vs US Dollar”

BTCUSD is still consolidating below 50500.00. Possibly, the asset may grow and expand the range up to 52500.00. Later, the market may form a new descending structure with the first target at 42700.00.

S&P 500

After finishing the correctional structure at 3856.0, the S&P index has broken 3897.4 to the upside; right now, it is growing to reach 3937.0. After that, the instrument may correct to test 3897.4 from above and then resume trading upwards with the target at 3973.0.

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 jumps to 0.7050, fresh one-month top after hot Australian CPI

AUD/USD attracts buyers for the second straight day on Wednesday, rising to a fresh high since September 23 during the Asian session. A hot Australian CPI print reaffirmed bets for an imminent RBA rate hike in November and boosted the Australian Dollar. Meanwhile, the US Dollar pauses after a three-day rally to a near two-week high ahead of the crucial FOMC rate decision, lending additional support to the currency pair.

USD/JPY sticks to modest gains above 157.50 as traders await Fed, BoJ meetings

USD/JPY attracts buyers for the third straight day, recovering further from a one-month low ahead of Wednesday’s FOMC decision and the BoJ policy update on Friday. Meanwhile, expectations that the BoJ may hold off on aggressive rate hikes weigh on the Japanese Yen, and the US Dollar advances to a nearly two-week high, supporting the currency pair.

Gold drops as oil price rebounds, Fed’s policy eyed

Gold slips 0.3% to near $4,050 in the Asian trade on Wednesday, as oil prices bounce back after a two-day correction. The precious metal is expected to face high volatility as the Federal Reserve is scheduled to announce the monetary policy later in the day at 18:00 GMT.

Ethereum ETFs near record monthly outflows as ETH tests $2,310

Ethereum (ETH) held steady on Tuesday, consolidating at $2,340, just above $2,300 after last week’s decline. Three measures sit within about $18 of each other: ETH’s realized price at $2,310, the 200-day Exponential Moving Average (EMA) at $2,315, and the $2,328 average cost basis of wallets holding 1K-10K ETH.

Bitcoin, Ethereum and XRP recover as Big Tech earnings take center stage

Bitcoin, Ethereum and Ripple extend their recovery on Wednesday as investors turn their attention to major technology companies' earnings reports. Microsoft and Alphabet are due to report their Q3 earnings on Wednesday, followed by Amazon on Thursday.

Anthropic pledged $270 billion to Amazon, Google, and Microsoft. Here's who actually gets paid

Anthropic owes Amazon, Google, and Microsoft at least $269.4 billion for computing power, even if it uses less. All three sell its models and handle its billing, and Amazon and Google own stakes and lend it money, so they get paid regardless of how the IPO goes. The Dario Amodei-led Anthropic filed its initial public offering (IPO) on Monday, seeking a listing on the Nasdaq under the ticker ANT.