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 has completed a growth wave targeting 1.0850. Today the market is forming a consolidation range around this level. A further correction towards 1.0880 is not excluded. Once it is over, a decline wave to 1.0790 might start, and if this level also breaks, the potential for a decline by the trend towards 1.0700 could open.

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

The GBP/USD pair has formed a growth wave towards 1.2651. Today the market is forming a consolidation range around this level. A further correction to 1.2694 is not excluded. Once it is over, a decline wave could begin, targeting 1.2573. And if this level also breaks, the potential for a decline by the trend to 1.2640 could open.

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair continues developing a consolidation range above 151.74. The range might expand to 152.05, after which a decline wave might form, targeting 151.44. If this level also breaks, the trend could contine to 150.80.

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is forming a consolidation range around 0.9050. A further decline to 0.9035 is not excluded. Next, a wave targeting 0.9077 could develop. This is a local target.

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair continues developing a consolidation range around 0.6590. The correction might continue towards 0.6630. Once it is over, a new decline wave targeting 0.6555 might begin. And if this level also breaks, the potential for a decline by the trend towards 0.6478 could open. This is the first target.

Brent

Brent continues forming a consolidation range above 88.88. With an upward escape, the potential for a wave towards 93.00 might open, from where the trend could continue to 97.00. This is a local target.

XAU/USD, “Gold vs US Dollar”

Gold continues developing a consolidation range around 2333.33. With an upward escape from the range, the growth wave is expected to extend to 2380.00. With a downward escape, a correction link towards 2311.11 is not excluded. Next, a rise to 2380.00 might follow. This is a local target.

S&P 500

The stock index is forming a consolidation range around 5207.0. With an upward escape from the range, a growth link towards 5232.0 is not excluded, followed by a decline to 5188.0. If this level also breaks, the potential for a wave towards 5125.0 could open. 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.