EUR/USD, “Euro versus US dollar”
After extending the correction to 1.0606 and ending the first downward impulse at 1.0555, EURUSD completed another corrective pattern at 1.0580. Later, the market may fall to break 1.0500 and then continue lower with the target at 1.0300.
GBP/USD, “British pound against US dollar”
After completing another corrective pattern at 1.2520 as well as the downward impulse towards 1.2440, GBPUSD is correcting higher and may soon hit 1.2484. After that, the instrument may form a new downward impulse to break 1.2323 and then continue lower with the target at 1.2100.
USD/JPY, “US Dollar versus Japanese Yen”
USD/JPY is consolidating around 127.91. It is possible that today the pair will drop to 127.00 and then start further growth with the target at 129.06.
USD/CHF, “US dollar against Swiss franc”
After ending the corrective wave at 0.9700, USDCHF should consolidate there. Later, the market may break the range higher and start further growth to reach 0.9888. After that, the instrument may resume trading lower with the target at 0.9780.
AUD/USD, “Australian dollar against US dollar”
AUD/USD rebounded from 0.6942; currently, it is advancing towards 0.7083 and may later resume falling with the target at 0.6942.
Brent is forming another upward impulse towards 114.41. Later, the market may start another decline to 110.17 and then resume trading higher with the target at 122.65.
XAU/USD, “Gold against US dollar”
Gold is moving higher to reach 1859.85. After that, the instrument can correct towards 1834.00 and then resume growth with the target at 1875.88.
After completing another descending pattern at 3860.0, the S&P is expected to rise towards 3975.5. Later, the market may resume trading lower with the first target at 3655.5.