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EUR/USD

GBP/USD

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Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

Having completed the ascending wave at 1.1452, EURUSD is consolidating below this level. Possibly, the pair may grow to reach the short-term upside target at 1.1457 and then start a new correction towards 1.1363. Later, the market may form one more ascending structure with the target at 1.1506.

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

GBP/USD is still growing and may soon reach 1.3722. After that, the instrument may correct towards 1.3627 and then start another growth with the target at 1.3760.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is consolidating around 74.66. Possibly, today the pair may break the range to the downside and resume trading downwards with the target at 74.07. Later, the market may correct to return to 74.66 and then form a new descending structure to reach 74.00.

USD/JPY, “US Dollar vs Japanese Yen”

After completing the descending wave at 114.90 and breaking it to the downside, USDJPY is still falling towards 114.16. Later, the market may start another correction with the target at 115.60.

USD/CHF, “US Dollar vs Swiss Franc”

Having finished the descending wave at 0.9130, USDCHF is expected to correct towards 0.9181. After that, the instrument may resume trading downwards with the target at 0.9090.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed the ascending wave at 0.7288. Today, the pair may correct to reach 0.7212 and then resume growing with the target at 0.7333.

Brent

Brent has completed the ascending structure at 85.00 and may later correct towards 80.50. After that, the instrument may form one more ascending structure to reach 90.00 and then start another correction with the target at 75.00.

XAU/USD, “Gold vs US Dollar”

Gold continues growing towards 1830.30. After that, the instrument may correct to reach 1800.00 and then start another growth with the target at 1900.00.

S&P 500

After finishing the ascending structure at 4747.0, the S&P index is correcting towards 4698.9 and may later resume growing with the target at 4845.5.

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 eyes 100-SMA hurdle near 0.7035 as hawkish RBA counters firmer USD

AUD/USD regains positive traction on Tuesday and climbs to 0.7030 during the Asian session, reversing the previous day's corrective slide from a one-month high as hawkish RBA rate expectations continue to support the Aussie. Spot prices, however, remain below the 100-day SMA pivotal resistance amid a firmer US Dollar as traders brace for Australia’s September CPI report on Wednesday ahead of the Fed rate decision.

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 advances modestly past $4,000

Gold looks to consolidate Tuesday’s humble gains just above the key $4,000 mark per troy ounce. Indeed, the precious metal adds to Monday’s bounce despite the better tone in the US Dollar, mixed US Treasury yields and steady caution ahead of the FOMC event on Wednesday.

Pi Network stalls as weak crypto sentiment caps recovery

Pi Network (PI) holds steady above $0.0760 at press time on Tuesday, stalling after a roughly 2% rebound the previous day. The broader market's weak sentiment and reduced trading volume weigh on the PI token. The technical outlook is bearish, with price capped below a long-term resistance trendline and weak momentum.

France tests the Euro's nerve: What the OAT spread is telling FX traders

France's 10-year borrowing premium over Germany hit its widest since the 2011 debt crisis last week. With public spending above 57% of GDP, unrest on the streets and a presidential election next spring, cuts look unlikely. If Paris cannot trim, the bill may be paid quietly through financial repression.

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.