EUR/USD, “Euro vs US Dollar”
EUR/USD has completed a corrective wave to 1.0929. A decline link to 1.0880 is forming today. Practically, a consolidation range is forming around this level. With an escape from the range downwards, a decline wave to 1.0840 might continue. And provided this level is also breached, the potential for a wave to 1.0750 could open. This is a local target.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD continues forming a wide consolidation range around 1.2505. By now, the range has extended to 1.2560. A decline structure is now forming to 1.2505. Escaping this range downwards, the wave might continue to 1.2456. This is the first target.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY is forming a consolidation range around 149.30. With an escape downwards, a corrective link to 148.56 might follow. Next, a rise to 149.90 is expected. With a breakout of this level upwards, the potential for a wave to 151.15 might open. This is a local target.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF continues forming a consolidation range around 0.8841 without any bright trend. A decline link to 0.8810 is not excluded. Upon reaching this level, a new growth wave to 0.8868 is expected. This is the first target.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is forming a consolidation range around 0.6547. A decline to 0.6500 might follow today. And if this level also breaks downwards, the potential for a wave to 0.6430 could open. This is a local target.
Brent
Brent is forming a consolidation range around 81.10. A link of growth to 83.33 could follow. And with a breakout of this range upwards as well, the wave could continue to 88.10. This is a local target.
XAU/USD, “Gold vs US Dollar”
Gold continues forming a wide consolidation range around 1970.70. At a certain point, the market extended it to 2007.20. A decline structure to 1970.70 is forming today. Another growth link to 2012.60 is not excluded. Next, a decline wave to 1930.00 might begin. This is the first target.
S&P 500
The stock index continues developing a consolidation range around 4530.0. A link of growth to 4571.0 is not excluded today. A new decline wave to 4487.0 might start then. This is the first target.
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