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Forex technical analysis and forecast: Majors, equities and commodities

EUR/USD, “Euro vs US Dollar”

EUR/USD is falling towards 1.2120 and may later start a new correction to reach 1.2147, thus forming a new consolidation range around the latter level. Possibly, the pair may break the range to the downside and resume trading downwards with the target at 1.1860.

EURUSD

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

After extending the ascending wave up to 1.4148, GBPUSD is consolidating below this level. Possibly, today the pair may fall to reach 1.3847 and resume growing with the target at 1.4000.

GBPUSD

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB has completed the descending wave at 73.44 and may later correct towards 74.40. After that, the instrument may resume trading downwards with the target at 73.00.

USDRUB

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is correcting towards 109.17 and may later start a new decline to break 108.66. After that, the instrument may continue trading downwards with the target at 107.60.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is forming a new consolidation range around 0.9000. Today, the pair may break the range to the upside and start a new correction to reach 0.9090. Later, the market may resume falling with the target at 0.9036.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is falling towards 0.7810 and may later form one more ascending structure to reach 0.7850. After that, the instrument may fall to break 0.7800 and then continue falling with the short-term target at 0.7757.

AUDUSD

Brent

Brent is correcting towards 66.66. Later, the market may start another growth with the target at 69.40 or even reach 70.00.

Brent

XAU/USD, “Gold vs US Dollar”

After finishing the ascending structure at 1845.15, Gold is expected to correct towards 1817.00. After that, the instrument may resume trading upwards with the target at 1863.70.

XAUUSD

S&P 500

The S&P index has completed the correction at 4165.0. Possibly, today the asset may resume growing towards 4263.2 and then start another correction to reach 4200.0. After that, the instrument may form one more ascending structure with the target at 4281.5.

SP 500

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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