EURUSD, “Euro vs US Dollar”
The currency pair has completed a wave of decline to 1.0550. As of yesterday the market might demonstrate a link of correction to 1.0590 and go down to 1.0490. Then a new wave of correction to 1.0705 should start, followed by a decline to 1.0380.
GBPUSD, “Great Britain Pound vs US Dollar”
The currency pair has completed a wave of decline to 1.1965. Yesterday a consolidation range may form under this level. Then a decline to 1.1890 should start. And with a breakaway of this level the wave should continue to 1.1796. After this level is reached, a wave of correction to 1.1965 should begin.
USDJPY, “US Dollar vs Japanese Yen”
The currency pair has completed a link of growth to 136.53. A correction to 135.30 is not excluded. Then a wave of growth should develop to 137.50. After this level is reached, a correction to 135.25 should begin.
USDCHF, “US Dollar vs Swiss Franc”
The currency pair has completed a structure of growth to 0.9417. Yesterday the market is consolidating under this level. With an escape downwards, a correction to 0.9320 should follow. With an escape upwards, the wave should continue to 0.9568.
AUDUSD, “Australian Dollar vs US Dollar”
The currency pair has completed a wave of decline to 0.6700. As of yesterday the market can form a link of growth to 0.6800. This link is interpreted as a collection. After the correction is over, a link of decline to 0.6600 might begin.
BRENT
Crude oil has completed a wave of growth to 82.90 and a correction to 82.40. Yesterday a wave of growth to 83.63 should start. Then a correction to 82.20 and growth to 86.06 should follow. The goal is local.
XAUUSD, “Gold vs US Dollar”
Gold has completed a link of decline to 1806.66. Yesterday a correction to 1817.37 is not excluded. Then a decline to 1805.00 and a wave of growth to 1825.75 should follow.
S&P 500
The stock index has completed a link of decline to 3942.5. Yesterday a consolidation range had formed above this level. With an escape upwards, a pathway to 4000.0 should open. Then a decline to 3900.0 should follow. With an escape downwards, a pathway down to 3900.0 should open right away, from where the trend might develop to 3824.0.
Note: Traders are expected to know that all the Forecasts presented in this section only reflect the authors private opinion and should not be considered as guidance for trading. Therefore you are advised to further your research for better analysis.
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