TRENDING:

GBP/USD

XAU/USD

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD has received support at 1.0875 and could extend the correction to 1.0933. Practically, a wide consolidation range continues developing around 1.0900. With the price exiting the range downwards, the wave of decline could continue to 1.0817, from where the trend might extend to 1.0733. This is a local target.

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

GBP/USD continues forming a wide consolidation range around 1.2700. A link of growth to 1.2786 might follow today. After the price reaches this level, it might drop to 1.2676. And a downward breakout of this level could open the potential for a decline to 1.2650, from where the trend could continue to 1.2565.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed a wave of growth to 146.38. Today the market is forming a consolidation range under this level. A link of decline to 145.75 is not excluded. After the price reaches this level, a new wave of growth to 146.75 might start. This is a local target.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF continues developing a consolidation range around 0.8795. The quotes exiting the range upwards might open the potential for continuing the wave to 0.8844 and extending the trend to 0.8888.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD continues developing a consolidation range around 0.6404. The latter might expand to 0.6444. Next, a decline to 0.6363 could follow, from where the trend might continue to 0.6277.

Brent

Brent continues developing a link of decline to 83.55. After the price reaches this level, a link of growth to 85.77 is not excluded. The whole growth structure is interpreted as a corrective one. After the correction is over, a new wave of decline to 82.00 might develop, followed by a rise to 87.77. This is a local target.

XAU/USD, “Gold vs US Dollar”

Gold has completed a structure of decline to 1884.81. Today the market continues forming a consolidation range under this level. A link of growth to 1900.50 is expected. Next, a decline to 1868.50 could follow. This is a local target.

S&P 500

The stock index has performed a link of correction to 4404.4. A consolidation range might develop under this level today. With the price escaping it downwards, the wave of decline could continue to 4317.0. After the price reaches this level, a correction to 4418.0 might start.

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.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD moves sideways below 1.1800 on Christmas Eve

EUR/USD struggles to find direction and trades in a narrow channel below 1.1800 after posting gains for two consecutive days. Bond and stock markets in the US will open at the usual time and close early on Christmas Eve, allowing the trading action to remain subdued.

GBP/USD keeps range around 1.3500 amid quiet markets

GBP/USD keeps its range trade intact at around 1.3500 on Wednesday. The Pound Sterling holds the upper hand over the US Dollar amid pre-Christmas light trading as traders move to the sidelines heading into the holiday season.

Gold retreats from record highs, trades below $4,500

Gold retreats after setting a new record-high above $4,520 earlier in the day and trades in a tight range below $4,500 as trading volumes thin out ahead of the Christmas break. The US Dollar selling bias remains unabated on the back of dovish Fed expectations, which continues to act as a tailwind for the bullion amid persistent geopolitical risks.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.