Forex technical analysis and forecast: majors, stocks and commodities

EUR / USD, « Euro versus US dollar »

EUR / USD, "Euro versus US dollar"

EURUSD completed the rising wave at 1.2170 along with correcting towards 1.2135; at the moment it is returning to break up at 1.2170. The pair may rise to 1.2203 today and then fall back to 1.2170, creating a new area of ​​consolidation between these two levels. If the price later breaks this range upwards, the market can resume trading within the uptrend with the short term target of 1.2260.

GBP / USD, « British pound against US dollar »

After the rising wave ends at 1.3744, GBPUSD is consolidating below this level. The pair may drop to 1.3678 forming a new consolidation area. If the price breaks this area later on, the market can start a new correction targeting 1.3624. If up – continue trading up to hit 1.3791.

USD / RUB, « US dollar versus Russian ruble »

USDRUB is still consolidating around 73.30. Today the pair could fall to break 73.00 and then move within the downtrend with the near-term target of 72.20.

USD / JPY, « US dollar versus Japanese yen »

After completing the descending wave at 103.40, USDJPY is consolidating above this level. The pair may correct towards 103.73 and then start a new decline targeting 103.03.

USD / CHF, « US dollars against Swiss francs »

USDCHF ended the descending wave at 0.8859; It is currently consolidating at this level. The pair may drop to 0.8841 today and then grow towards 0.8860. Later the market could fall to break 0.8841 and then trade further down with the near term target of 0.8802.

AUD / USD, « Australian dollar versus US dollar »

AUDUSD is still consolidating around 0.7740. Today the pair can start further growth to hit 0.7792 and then form a new descending structure to return to 0.7740.

BRENT

Brent ended the correction at 55.28. Perhaps the asset can consolidate above this level today. If the price breaks this area later on, the market can resume trading on the downside with a target of 56.47. if up – form another rising wave to reach 57.80.

XAU / USD, « Gold versus US Dollar »

Gold is still consolidating around 1864.80. Today the asset could fall to 1,856.20. If the price later breaks this range on the downside, the market can trade back down with the target of 1811.50. if up – start further growth towards 1895.58.

BTC / USD, « Bitcoin against US dollars »

After the descending wave ends at 30000.00, BTCUSD is consolidating above this level. If the price breaks down this area later, the market can resume trading within the downtrend with the target of 26000.00. If up – form another ascending structure to reach 32000.00.

S & amp; P 500

After completing the rising wave at 3866.7, the S & amp; P index towards 3837.0. After that, the instrument can start further growth to reach 3875.0 and then correct towards 3812.2. The market can later resume trading with a target at 3940.1.

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Forex technical analysis and forecast: majors, stocks and commodities
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