Forex technical analysis and forecast: Majors, equities and commodities

EUR/USD, “Euro vs US Dollar”

The currency pair completed a wave of decline to 1.0482. Today the market has completed an impulse of growth to 1.0635. A consolidation range has formed around this level at some point. With an escape upwards, a pathway to 1.0768 will practically open. After this level is reached, the pair may correct to 1.0635 (a test from above) and then grow to 1.0787.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair completed a wave of growth to 134.74. Today the market has finished an impulse of decline to 132.26. At the moment, a consolidation range has appeared around this level. With an escape downwards, a pathway for a decline to 130.70 will open. After this level is reached, a link of correction to 132.26 (a test from below) is not excluded, followed by a decline to 129.70.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair completed a structure of a wave of growth to 0.9407. Today the market has completed an impulse of decline to 0.9282. At the moment, the market has formed a consolidation range around this level. With an escape downwards, a pathway for a wave of decline to 0.9172 will practically open. After this level is reached, a link of correction to 0.9282 (a test from below) is not excluded, followed by a decline to 0.9161.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair completed a wave of decline to 0.6720. Today the market has completed an impulse of growth to 0.6871. At the moment, a consolidation range has formed around this level. With an escape upwards, a pathway for a wave of growth to 0.6990 will open. After this level is reached, a link of correction to 0.6871 is not excluded, followed by growth to 0.7022.

Brent

Crude oil has completed a wave of decline to 77.66 and an impulse of growth to 80.60. At the moment, it has formed a correction to 78.11. Today the market is forming an impulse of growth to 80.00. A breakaway of the level and further growth to 82.57 are not excluded.

XAU/USD, “Gold vs US Dollar”

Gold corrected to 1825.05 Today the market has performed a wave of growth to 1877.45. A link of correction to 1833.00 is not excluded, followed by growth to 1897.00.

S&P 500

The stock index continues developing a consolidation range around 3843.6. Today the market has completed a link of growth to 3904.4. A link of decline to 3843.6 is not excluded. Then the index may grow to 3924.8 and fall to 3677.5, from where the wave of decline might continue to 3640.0.