Forex Technical Analysis and Forecast: Majors, Stocks and Commodities

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EURUSD, “euro against US dollar”

The currency pair completed a wave of growth at 1.0360. Currently, the market is forming a consolidation range below this level. Today we expect a flight down to 1.0745 followed by an increase to 1.0260 and a decline to 1.0080 from where the wave may continue to at 1.0000.

GBPUSD, “British pound against US dollar”

The pair completed a wave of growth at 1.1850. Currently, the market is forming a consolidation range below this level. An exit from the range to 1.1630 is expected, followed by a rise to 1.1750, from where the decline could continue to 1.1520 and 1.1415.

GBPUSD

USDJPY, “US Dollar versus Japanese Yen”

The currency pair completed a downward wave at 138.50. Today, a consolidation range may form above this level. With a run to the top, a growth path towards 142.02 will open from where the wave could continue to 144.00.

USDJPY

USDCHF, “US dollar against Swiss franc”

The currency pair completed a wave of declines at 0.9400. Today an upward impulse towards 0.9540 is forming. Next, we expect a decline to 0.9460 and a rise to 0.9600, from where the wave of growth could continue to 0.9680.

USDCHF

AUDUSD, “Australian dollar against US dollar”

The currency pair completed a wave of growth at 0.6715. Currently, the market is forming a consolidation range below this level. We expect a flight down to 0.6589 followed by growth to 0.6655 and decline to 0.6525 from where the wave may continue to 0.6414 .

AUDUSD

Brent

Crude Oil completed a wave of growth at 97.64. Currently, the market is forming a consolidation range below this level. We expect a flight higher to 98.84, followed by a correction to 95.88 and further growth to 99.33.

Brent

XAUUSD, “Gold against US dollar”

Gold completed a wave of growth at 1772.00. Currently, the market is forming a consolidation range below this level. We expect a decline to 1733.33, then a rise to 1753.30, then a decline to 1710.00, from where the wave could continue to 1693.44.

XAUUSD

S&P500

The Stock the index ended a wave of growth at 4005.0. Today, we expect a consolidation range to form below this level. With a run down, a decline to 3785.0 should follow, from where the wave of declines could continue to 3676.6.

S&P500

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