Forex technical analysis and forecast: majors, stocks, and commodities
EUR/USD, “Euro vs. US Dollar”
Forex technical analysis: EUR/USD made a corrective move to 1.0566 and a downward trend to 1.0482. In the midst of the news, the market conducted a rising impulse to 1.0599 and is now correcting. Today, a fall to 1.0522 is not ruled out. After the correction, a rising connection to 1.0685 is possible. This is a regional aim.
The “Great Britain Pound vs US Dollar” rate is denoted as GBP/USD.
GBP/USD is now trading at 1.2105. In the midst of the news, another upward impulse to 1.2260 occurred. In practice, the market might extend the correction all the way to 1.2370. This is a local goal.
US Dollar vs Japanese Yen” (USD/JPY).
USD/JPY remains in a consolidation range at 148.99. Today, the pair may reach 149.83. A breakthrough at this level might lead to a rally to 149.88. Following that, a drop to 149.06 (with a test from above) and an increase to 150.88 are possible.
”US Dollar vs Swiss Franc” (USD/CHF).
USD/CHF has shown a link to increase at 0.9174. It has now also produced a decreasing impulse to 0.9072. In practice, the market might continue the decline all the way to 0.9024. This is a local goal. Following that, a rise to 0.9100 is possible.
“Australian Dollar vs US Dollar” AUD/USD.
AUD/USD has established a downward connection of around 0.6313. It has since executed a rising impulse up to 0.6399. A connection to 0.6343 for correction is not ruled out. After that, the growth might perhaps reach 0.6454. It is a neighborhood target.
Brent
Brent now stands at 83.00. Today’s impulse has increased, reaching 88.33. The market is correcting at 86.00 right now. The increasing connection might then go on to reach 89.20. After the price reaches this point, it may not be impossible for it to go down to 86.00 before rising to 93.25, where the trend may then continue to 96.18. It is a neighborhood target.
“Gold vs US Dollar” XAU/USD.
A wave of decline for gold ended at 1810.48. The market is moving upward today, reaching 1856.17. Once it reaches this point, the price may correct to 1833.00 and then rise to 1879.33. It is a neighborhood target.
S&P 500
The stock index has broken through the upward resistance at 4271.0 and may potentially correct to 4370.0. After the correction, the descending wave can reach 4200.0. It is a neighborhood target.
