TRENDING:

GBP/USD

XAU/USD

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

The EUR/USD pair continues developing a consolidation range around 1.0823. By now, it has expanded the range downwards to 1.0808. Today the market has performed a technical test of 1.0823 from below. With an upward escape from the range, a further correction towards 1.0860 is not excluded. With a downward escape, the wave might extend to 1.0780. Once this level is reached, a correction towards 1.0890 could begin.

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

The GBP/USD continues developing a consolidation range around 1.2621. With an upward escape from the range, a correction to 1.2666 could follow. With a downward escape, the potential for a wave towards 1.2545 might open. Once this level is reached, a correction wave to 1.2740 could begin.

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair continues developing a consolidation range around 151.45. A decline link towards 150.95 is not excluded today, after which the quotes could rise to 151.50. A breakout of this level might open the potential for growth towards 152.00, from which level the trend could extend to 152.80.

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair continues developing a consolidation range around 0.9044. With a downward escape from the range, a correction link towards 0.8972 is not excluded. With an upward escape, the potential for a wave to 0.9100 might open, from which level the trend could continue to 0.9125.

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair continues developing a consolidation range around 0.6525. With an upward escape from the range, the potential for a correction towards 0.6555 might open. With a downward escape, the potential for a wave towards 0.6486 might open, from which level the trend could continue to 0.6433. This is a local target.

Brent

Brent continues developing a consolidation range around 85.65 without any obvious trend. By now, the market has expanded the range towards 84.47. Today the market is at the 85.77 level. With a downward escape from the range, the potential for a correction to 83.55 might open. With an upward escape, the potential for a wave to 89.00 could open, from which level the trend might extend to 91.11.

XAU/USD, “Gold vs US Dollar”

Gold continues developing a consolidation range around 2173.80. A growth link to 2200.00 might form today. Next, a decline to 2173.80 is expected. With a downward escape from this range, the potential for a wave to 2151.00 might open. With an upward escape, a growth link to 2225.00 is not excluded.

S&P 500

The stock index continues developing a consolidation range around 5244.0. By now, the market has expanded the range upwards to 5263.0. The growth link could extend to 5268.0, from which level the trend might continue to 5278.0. The market is at the highs of a growth wave and might crash by the trend towards 5146.4 at any moment. This is the first target.

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.