EURUSD, “Euro vs US Dollar”
The EURUSD pair has completed a correction wave at 1.0664. After the correction, the market continues developing a decline wave to 1.0585. A wave structure towards 1.0606 has been formed by now. A technical test of 1.0622 is expected today, followed by a decline to 1.0585. This is a local target. Once this level is reached, a correction targeting 1.0733 is expected to start.
GBPUSD, “Great Britain Pound vs US Dollar”
The GBPUSD pair has corrected to 1.2498. After the correction, the market continues developing a decline wave to 1.2380. By now, a wave structure towards 1.2420 has been finished. A technical test of 1.2438 from below is expected today, followed by a decline to 1.2380. This is a local target. Once this level is reached, a correction targeting 1.2545 could begin.
USDJPY, “US Dollar vs Japanese Yen”
The USDJPY pair continues forming a consolidation range above 154.08. With an upward escape from the range, the growth wave might continue to 154.80, from where the trend could extend towards 155.75. Once this level is reached, a correction towards 152.65 might begin.
USDCHF, “US Dollar vs Swiss Franc”
The USDCHF pair continues forming a consolidation range around 0.9127. A growth link to 0.9166 is not excluded. Next, a correction towards 0.9127 (testing from above) is expected. Once this correction is over, a new growth wave to 0.9177 could start. This is a local target.
AUDUSD, “Australian Dollar vs US Dollar”
The AUDUSD pair has completed a correction wave to 0.6492. Once it is over, the market continues developing a new decline wave to 0.6400. A structure towards 0.6408 has formed today. A technical test of 0.6447 from below is not excluded, followed by a decline to 0.6400. This is a local target. After this level is reached, a correction towards 0.6480 could begin.
BRENT
Brent has corrected to 88.20 and has formed a growth impulse targeting 90.20 today. A decline link to 89.20 is not excluded. Next, a growth wave targeting 92.06 might begin, from where the trend could extend to 94.00. This is a local target.
XAUUSD, “Gold vs US Dollar”
Gold has formed a decline wave to 2324.33 and a correction link towards 2391.00 today. A consolidation range is expected to form under this level. With a downward escape from the range, a decline wave targeting 2306.66 could begin. If this level also breaks, the wave might extend to 2266.00. With an upwards escape from the range, a growth link targeting 2431.00 is not excluded.
S&P 500
The stock index has formed a correction wave targeting 5172.5 and a decline wave towards 5042.4 today. A growth link to 5107.0 is expected (testing from below). Next, a decline wave towards 5000.0 might start. This is a local target. Once this level is reached, a correction wave targeting 5107.0 is expected to begin. After that, a wave to 4927.7 might start. This level is the target of the first decline wave.
