EURUSD, “Euro vs US Dollar”
EURUSD continues developing a consolidation range around 1.0770. After an escape upwards, a correction link to 1.0800 might follow. With an escape downwards, the potential for a decline wave to 1.0705 could open. Provided this level also breaks, the trend might continue to 1.0600. This is the first target.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD continues forming a consolidation range around 1.2555. A growth link to 1.2595 is not excluded, followed by a decline to 1.2470. This is the first target. Upon reaching this one, a correction link to 1.2595 could follow (a test from below).
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed a growth structure to 146.57. Today the market might correct to 144.88 (a test from above). Next, a growth structure to 147.30 might develop. This is a local target.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has corrected to 0.8767. A consolidation range is expected to form around this level today. With an escape from it downwards, the correction could continue to 0.8727. With an escape upwards, the growth wave might extend to 0.8825, from where the trend could continue to 0.8880. This is the first target.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed a decline wave to 0.6550. Today a growth link to 0.6595 has formed. Practically, a wide consolidation range might develop around 0.6570. With a downward escape, the potential for a decline to 0.6490 could open. With an upward escape, the correction might continue to 0.6650. Next, the decline wave could go by the trend downwards to 0.6490.
BRENT
Brent has completed a correction link to 74.94, followed by a growth link to 76.40. This level is expected to break upwards, so that the growth wave continued to 77.44, from where the trend might extend to 80.00. This is a local target.
XAUUSD, “Gold vs US Dollar”
Gold has completed a decline wave to 1976.40. A correction link to 2007.20 (a test from below) might form today. After the correction is over, the decline wave could extend to 1948.00, from where the trend might continue to 1907.55. This is the first target.
S&P 500
The stock index has formed a consolidation range around 4609.0 and might extend the growth structure to 4638.0, escaping the range upwards. Upon reaching this level, a decline wave to 4583.0 could begin. This is the first target.
