EURUSD, “Euro vs US Dollar”
The currency pair keeps developing a wave of decline to 1.1800. After this level is reached, we expect growth to 1.1850. On these levels, a consolidation range may form. This range coincides with the breakaway level of the daily ascending channel. The breakaway of the channel opens a declining pathway to 1.1700.
GBPUSD, “Great Britain Pound vs US Dollar”
The currency pair performed a decline to 1.3300 and corrected to 1.3357. Today, the market is declining towards 1.3248. Then we expect the wave of decline to be over and the price to return to 1.3357.
USDJPY, “US Dollar vs Japanese Yen”
The currency pair keeps developing a consolidation range around 106.06. It may grow further to 106.60 and then return to 106.06, testing the level from above. Then the pair may grow to 106.90.
USDCHF, “US Dollar vs Swiss Franc”
The currency pair keeps developing a consolidation range above 0.9100. Upon escaping it upwards, the pair may start growing to 0.9199, later correcting to 0.9100. Then growth to 0.9250 may follow.
AUDUSD, “Australian Dollar vs US Dollar”
The currency pair performed the first wave of decline to 0.7310 and a correction to 0.7337. On these levels, a consolidation range may form. If the price escapes the range upwards, it may then correct to 0.7357. If it breaks the range downwards, it may decline to 0.7267.
Oil broke 42.25 downwards and suggests expecting a correction to 44.22. The goal is local. Then the pair may rise to 45.25, testing the level from below, and then decline to 43.75.
XAUUSD, “Gold vs US Dollar”
Gold performed a wave of decline to 1932.32 and corrected to 1948.33. At these levels, a consolidation range should form. If the price breaks the range upwards, it might correct to 1962.00. If it escapes it downwards, the trend may continue to 1920.00 and even 1900.00.
The stock index performed a wave of growth to 3590.0. Today, it is forming a consolidation range under this level. The price may spurt to 3600.0. As the main scenario, we expect a decline to 3530.7, and if this level is broken away as well, the wave may continue to 3477.7. The goal is first.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.