EUR/USD, “Euro vs US Dollar”

After reaching the upside target at 1.1622 and finishing the first descending impulse towards 1.1585, EURUSD is correcting upwards. Possibly, the pair may complete the correction at 1.1608 and then form a new descending structure to break 1.1585. Later, the market may continue falling with the target at 1.1555.

EURUSD

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

After completing the ascending wave at 1.3724, GBPUSD is falling to reach 1.3650 and may later start another correction towards 1.3690. After that, the instrument may trade downwards to break 1.3640 and then continue falling with the target at 1.3568.

GBPUSD

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB has finished another descending wave at 71.34. Today, the pair may grow to reach 71.60 and then resume falling within the downtrend with the target at 71.07.

USDRUB

USD/JPY, “US Dollar vs Japanese Yen”

After forming a new consolidation rage around 113.50, USDJPY has broken it to the upside. Possibly, today the pair may grow to reach 114.06 and then start a new decline towards 113.78. Later, the market may form one more ascending structure with the target at 114.34.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF has finished the ascending impulse at 0.9245; right now, it is correcting towards 0.9218. After that, the instrument may form one more ascending structure with the target at 0.9302.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has completed the ascending wave at 0.7408; right now, it is consolidating around this level. Today, the pair may expand the range up to 0.7434 and then start a new decline with the target at 0.7324.

AUDUSD

Brent

After rebounding from 83.40, Brent is trading upwards to reach 85.00. Later, the market may start another correction with the target at 82.22.

Brent

XAU/USD, “Gold vs US Dollar”

Gold is still consolidating around 1795.40. If later the price breaks this range to the upside, the market may resume trading upwards with the short-term target at 1803.56; if to the downside – start a new correction towards 1777.24.

XAUUSD

S&P 500

After breaking 4390.3 to the upside, the S&P index has reached 4452.4. Today, the asset may consolidate around the latter level. If later the price breaks this range to the downside, the market may resume falling to break 4390.0. After that, the instrument may continue trading downwards with the target at 4328.0.

SP500

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EUR/USD stays defensive above 1.1300 as Omicron, inflation concerns loom

EUR/USD is trading below 1.1350, consolidating the biggest daily jump in fortnight. The US dollar pauses its rebound amid cautious optimism. Omicron, US-China woes keep investors on the edge, Rising US inflation expectations underpin the yields. US jobless claims, Omicron updates closely eyed.

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GBP/USD trades with modest gains above 1.3200 mark, lacks follow-through

GBP/USD is trading flat above 1.3200, struggling to capitalize on the overnight goodish rebound from a one-year low. Fresh COVID-19 jitters pushed back BoE rate hike expectations and undermined the pound. Resurgent USD demand further stalled aggressive bullish bets.

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Gold traders seem non-committed below 200/100-DMA, US CPI awaited Premium

Gold prices inched higher on Wednesday and touched a one-week high, albeit struggled to capitalize on the move and faced rejection near the very important 200-day SMA. Investors seemed reluctant to place aggressive bets ahead of the key US consumer inflation data.

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Why MATIC price could soon see a meteoric rise toward the round level of $4

MATIC price appears to be ready for a major upswing toward $3.84 as Polygon presented a bullish chart pattern on the daily chart. The governing technical pattern suggests that the layer-2 token is preparing for a 62% climb.

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