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Forex technical analysis and forecast: Majors, equities and commodities

EUR/USD, “Euro vs US Dollar”

The EUR/USD pair gained support at the 1.0836 level from the news and started developing a correction. A growth link towards 1.0940 could follow. Once this level is reached, a decline link to 1.0888 is not excluded. Next, another correction link to 1.0944 could form. After the correction is over, a new decline wave to 1.0818 might start. This is the first target.

EURUSD

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

The GBP/USD pair gained support at 1.2684 from the news, and today the market suggests a correction towards 1.2807. Once the correction is over, a new decline wave to 1.2595 might start. This is the first target.

GBPUSD

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has corrected to 150.35. A growth wave towards 151.41 might begin. And if this level also breaks, the potential for a wave to 152.60 could open, from which level the trend might extend towards 152.80.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has corrected towards 0.8838. The correction might extend to 0.8833 (testing from above). Once this correction is over, a new growth wave to 0.8920 could start. And if this level also breaks, the potential for a wave towards 0.8975 might open. This is the first target.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair gained support at 0.6512 from the news and started developing a correction. Today the quotes might reach 0.6634. Next, a decline link to 0.6575 and a correction to 0.6640 could follow. Once this correction is over, a new decline link to 0.6474 might begin. This is the first target.

AUDUSD

Brent

Brent has completed a correction wave to 85.00. Today the quotes might rise to 87.00. If this level also breaks, the potential for a wave towards 89.20 could open, from which level the trend might extend to 89.90. This is the first target.

Brent

XAU/USD, “Gold vs US Dollar”

Gold gained support at 2150.00 from the news and extended the growth wave. By now, it has reached the local target of 2222.77. A correction link towards 2183.66 is not excluded today. Once the correction is over, a growth link to 2260.00 might follow. This is the first target.

XAUUSD

S&P 500

The stock index, supported by the news, has broken a consolidation range upwards and suggests extending the growth wave to 5260.0. Once this level is reached, a decline to 5185.0 is expected. Next, a rise to 5272.0 could follow. After reaching this level, the quotes might start a new decline wave to 5185.0.

S&P 500

Author

RoboForex Team

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.

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