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Technical Analysis & Forecast 17.05.2023

EURUSD, “Euro vs US Dollar”

The currency pair has completed a wave of correction to 1.0903. Today the market is forming a wave of decline to 1.0833. And if this level also breaks, the potential for a decline to 1.0793 could open. This is a local target.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

The currency pair has completed a wave of correction to 1.2544. Today the market is forming a wave of decline to 1.2416. After the price reaches this level, a link of correction to 1.2540 is not excluded, followed by a decline to 1.2355.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

The currency pair continues developing a wave of growth to 137.40. After the price reaches this level, a correction to 136.05 could follow. Next, growth to 138.40 is expected.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

The currency pair continues developing a wave of growth to 0.8989, from where the trend could continue to 0.9050. This is a local target. After the price reaches this level, a link of correction to 0.8990 is not excluded, followed by growth to 0.9100.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

The currency pair continues developing a wave of decline to 0.6595. This is a local target. After the price reaches this level, a link of correction to 0.6655 is not excluded, followed by a decline to 0.6570.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent continues forming a consolidation range around 75.75. If the price escapes the range upwards, a wave of growth to 80.20 could follow, from where the trend might continue to 85.00. This is a local target.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

The currency pair continues developing a wave of decline to 1982.60. After the price reaches this level, a link of correction to 2011.50 is not excluded, followed by a decline to 1975.55.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

The stock index continues developing a consolidation range around 4133.0 without any expressed trend. An escape from the range downwards to 4050.0 is expected today. Next, a link of growth to 4107.0 and a decline to 3944.0 are expected, from where the trend could continue to 3900.0.

S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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