EUR/USD, “Euro vs US Dollar”
The EURUSD pair performed a wave of decline to the 1.0818 level. Today, the market is forming a consolidation range above this level. A decline towards 1.0780 could occur, followed by a rise towards 1.0830, representing the local target for the correction wave.
GBP/USD, “Great Britain Pound vs US Dollar”
The GBPUSD pair is developing a consolidation range of around 1.2727 without a clear trend. An upward breakout could lead to a rise towards 1.2764. Conversely, a downward breakout might extend the wave to 1.2666, potentially extending to 1.2600 as the initial target of the decline wave.
USD/JPY, “US Dollar vs Japanese Yen”
The USDJPY pair is in an extended consolidation range towards 156.83. Today, a new decline towards 155.25 is expected. A breakdown of this level will open the potential for a wave towards 153.60.
USD/CHF, “US Dollar vs Swiss Franc”
The USDCHF pair has performed a wave of growth, reaching 0.9157. Today, a consolidation range is forming below this level. A decline towards 0.9070 could follow as part of a correction, while an upward breakout might extend the wave to 0.9242, representing the local target for the growth wave.
AUD/USD, “Australian Dollar vs US Dollar”
The AUDUSD pair executed a decline wave, reaching 0.6607. Today, a consolidation range above this level is likely. A downward breakout could lead to a continuation of the wave towards 0.6577, potentially extending to 0.6554, the local target for the decline wave.
Brent
Brent is developing a consolidation range around 82.77. Today, a decline towards 81.01 is possible, followed by a potential rise towards 82.77 is possible. An upward breakout of this level could extend the wave towards 84.70, representing the first target of the upward trend.
XAU/USD, “Gold vs US Dollar”
Gold performed a wave of decline, reaching 2366.75. Today, the market is consolidating above this level. A downward breakout could lead to a continuation of the wave towards 2336.33. A breakdown of this level might open the potential for the wave to reach 2321.16, the local target for the decline wave.
S&P 500
The stock index is developing a consolidation range around 5318.0. The market has extended the range to 5345.0. Today, a decline towards 5318.0 (testing from above) is expected. A range extension towards 5351.1 is possible, followed by a new potential decline wave towards 5262.6, the initial target of the decline wave.
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