Majors, Stocks, and Commodities Technical Analysis and Forecast
EUR/USD, "Euro vs. US Dollar"
The currency pair has finished a round of drop to 1.0802. Today, the market has developed a fresh corrective structure to 1.0868. At the moment, the market is establishing a consolidation range around this level. The range might extend to 1.0886. The price will then retreat to 1.0789, extending the wave to 1.0692. The objective is local.
GBP/USD, "Great Britain Pound against US Dollar"
The currency pair has finished a round of drop to 1.2282. Today, a connection to 1.2340 is possible. Then it should fall to 1.2250. The objective is local.
"US Dollar vs. Japanese Yen," USD/JPY
The currency pair is still establishing a consolidation range of around 130.00, with no discernible movement. Today, a link to 130.87 should be followed. The price may then fall to 130.00 before rising to 131.40.
"US Dollar against Swiss Franc," USD/CHF
The currency pair has reached 0.9287 after completing a round of rise. Today, the market finished a wave of a drop to 0.9160. A consolidation range is now building around this level. With a downward escape, a drop to 0.9050 is possible. The pair may then rise to 0.9277 before continuing to rise to 0.9400. The objective is to keep things local.
"Australian Dollar vs. US Dollar," AUD/USD
The currency pair has completed a falling structure to 0.6984. Today, the market completed a growth connection to 0.7070. The market is currently creating a consolidation range around this level. With a downward escape, essentially a road down to 0.6898 should open up. First and foremost, the aim.
Brent
Brent continues to correct. At the time, a decline structure to 83.33 has been finished. Today, the market has done a growth link of 85.78. This growth structure might be extended to 86.15. Then a drop to 82.72 is possible. After then, a wave of expansion to 87.00 should begin. A breakout at this level should offer up a path to 90.30.
"Gold versus. US Dollar," XAU/USD
Gold has completed the first wave of drop structure to 1900.80. Today, the market has finished a growth structure to 1925.85. Around this level, a consolidation range should appear. The decreased structure might then continue till 1867.40. The objective is to keep things local.
S&P 500
The stock index has reached 3995.6 after completing the first round of drop. A link adjustment to 4078.0 should occur today. A drop to 3886.0 is predicted. The objective is to keep things local.