EUR/USD, “Euro vs US Dollar”
EUR/USD has practically exhausted the potential for a growth wave at the 1.0964 level. A new consolidation range is expected to form around this level. With an escape from the range downwards, a decline wave to 1.0894 is expected to form. With a breakout of this level as well, the potential for a decline by the trend to 1.0823 could open. This is the first target.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD today has practically exhausted the potential of a growth wave to 1.2538. A new consolidation range is expected to form around this level. With an escape downwards, a decline wave to 1.2455 could begin. And if this level also breaks, the potential for a wave down by the trend to 1.2374 might open. This is the first target.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY has completed a decline wave to 147.37. A new consolidation range is expected to form around this level today. With an escape from the range upwards, a new growth wave to 148.70 could start. Next, a decline to 148.00 might follow. After that a rise to 149.40 is expected, from where the trend could continue to 150.05. This is the first target.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF continues developing a consolidation range above 0.8826. A link of decline to 0.8808 is not excluded. Next, a rise to the 0.8900 level might follow, from where the trend could continue to 0.9010. This is the first target.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has exhausted the potential for a rise wave at the 0.6583 level. A consolidation range could form around this level today. With an escape downwards, a new decline wave to 0.6506 might form. This is the first target.
Brent
Brent continues developing a rise wave to 83.33. Upon reaching this level, the price might correct to 80.75. Once the correction is over, a new growth movement to 84.84 could follow. This is the first target.
XAU/USD, “Gold vs US Dollar”
Gold continues forming a consolidation range around 1987.00. Today the market has extended the range upwards to 1994.22. A decline to 1969.00 is expected. With a breakout of this level downwards, the potential for a decline wave to 1917.90 might open. This is the first target.
S&P 500
The stock index has extended a range to 4558.5. A decline to 4522.0 might follow today. With a breakout of this level downwards, the potential for a wave to 4487.7 might open. This is the first target. Next, a correction link to 4522.0 might follow.
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