Forex technical analysis and forecast: Majors, equities and commodities
|EUR/USD, “Euro vs US Dollar”
After extending the correction up to 1.0606 and then finishing the first descending impulse at 1.0555, EURUSD has completed another correctional structure at 1.0580. Later, the market may fall to break 1.0500 and then continue trading downwards with the target at 1.0300.
GBP/USD, “Great Britain Pound vs US Dollar”
Having completed another correctional structure at 1.2520 along with the descending impulse towards 1.2440, GBPUSD is correcting upwards and may soon reach 1.2484. After that, the instrument may form a new descending impulse to break 1.2323 and then continue falling with the target at 1.2100.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY is consolidating around 127.91. Possibly, today the pair may fall to reach 127.00 and then start a new growth with the target at 129.06.
USD/CHF, “US Dollar vs Swiss Franc”
After finishing the correctional wave at 0.9700, USDCHF is expected to consolidate there. Later, the market may break the range to the upside and start another growth to reach 0.9888. After that, the instrument may resume trading downwards with the target at 0.9780.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has rebounded from 0.6942; right now, it is growing towards 0.7083 and may later resume falling with the target at 0.6942.
Brent
Brent is forming one more ascending impulse towards 114.41. Later, the market may start another decline to reach 110.17 and then resume trading upwards with the target at 122.65.
XAU/USD, “Gold vs US Dollar”
Gold is moving upwards to reach 1859.85. After that, the instrument may correct towards 1834.00 and then resume growing with the target at 1875.88.
S&P 500
After completing another descending structure at 3860.0, the S&P index is expected to grow towards 3975.5. Later, the market may resume trading downwards with the first target at 3655.5.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.