In the world of forex trading, staying up-to-date with the latest analysis of major currency pairs is crucial for informed decision-making. Here is an overview of the current market trends for some key pairs:
EUR/USD
EUR/USD has recently completed a wave of growth, reaching 1.0697. Currently, there is consolidation happening below this level, with a potential extension to 1.0700. However, a decline to 1.0655 might occur, and if there is a breakout below this level, it could pave the way for a wave of decline to 1.0608. Once this target is reached, an impulse of growth to 1.0760 is expected to follow.
GBP/USD
GBP/USD has completed a wave of decline to 1.2370, followed by a correction to 1.2409. The market is currently forming a consolidation range below this level, with expectations of a decline to 1.2364. If the price reaches this level, an impulse of growth to 1.2444 is anticipated.
USD/JPY
After a wave of growth to 147.94 and a subsequent correction to 147.50, USD/JPY could potentially experience further growth to 148.02. However, after reaching this level, a decline to 146.96 is expected.
USD/CHF
USD/CHF has seen a wave of growth to 0.8981, with a consolidation range forming below this level. A decline to 0.8947 is expected, followed by a potential rise to 0.8982. Subsequently, a decline is anticipated.
AUD/USD
AUD/USD has completed a wave of decline to 0.6417 and a subsequent correction to 0.6446. The market is currently in the process of further decline towards 0.6417, with a potential breakout leading to a declining wave to 0.6388. After reaching this level, a correction to 0.6410 may occur, followed by a decline to 0.6362.
Brent Crude Oil
Brent crude oil has completed a correction to 92.15, with expectations of further growth to 96.30. However, after reaching this level, a decline to 94.15 is possible, followed by a rise to 97.11. Additionally, a correction to 89.40 cannot be ruled out.
XAU/USD (Gold)
Gold has recently undergone a correction to 1934.34. A wave of decline to 1910.40 is expected, with a potential continuation of the downward trend to 1900.00.
S&P 500
The S&P 500 stock index has experienced an impulse of decline to 4444.0, followed by a correction to 4468.4. The market is currently forming a consolidation range below this level, with expectations of a downward breakout to 4420.5. After reaching this level, a correction to 4468.4 may occur, followed by a decline to 4389.0.
Throughout these analyses, it is important to closely monitor the market movements and use these insights as a guide when making trading decisions.
Sources:
– No specific sources mentioned