EUR/USD, “Euro vs US Dollar”
The EUR/USD pair has completed a decline wave towards 1.0914. A correction link to 1.0941 is expected today. Practically, the market has set the frames for a consolidation range. With a downward escape from the range, the decline wave could extend to 1.0888. And with a breakout of this level as well, the trend might continue to 1.0831. This is a local target.
GBP/USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has completed a decline wave towards 1.2795. A correction to 1.2842 might follow today, thus setting the frames for a consolidation range. Breaking this range downwards, the decline wave might extend to the 1.2747 level. This is a local target.
USD/JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has formed a consolidation range above 146.50. Today the market has broken the upper boundary of this range. A growth wave is expected to develop towards 148.00. Once this mark is reached, a correction link to 147.27 (testing from above) is not excluded, followed by a rise to 148.70. This is a local target.
USD/CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has completed a growth wave towards 0.8794. A correction structure to 0.8760 is forming today. Once this level is reached, the quotes could rise to 0.8808, from where the trend might extend to 0.8834. This is a local target.
AUD/USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has completed a decline wave to 0.6595. A correction structure is forming to 0.6631 today. Once this level is reached, a decline wave towards 0.6580 could form, from where the trend could extend to 0.6531. This is a local target.
Brent
Brent has completed a growth impulse to 82.41, and a correction link to 81.70 is not excluded today. Once this correction is over, the growth wave could continue to 83.83. This is the first target of the uptrend.
XAU/USD, “Gold vs US Dollar”
Gold continues developing a consolidation range under 2195.00. Breaking the range downwards, a correction to 2103.60 might also develop. Once it is over, a growth wave to 2220.00 might begin. This is the first target.
S&P 500
The stock index has completed a decline wave towards 5098.0. A growth link to 5155.0 is expected today. Practically, the market has set the frames for a consolidation range. With an upward escape from the range, a growth link to 5215.0 is not excluded, followed by a decline to 4980.0. This is the first target. With a downward escape from the range, the potential for a decline wave to 5020.0 might open, from where the trend could extend to 4980.0.
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