EUR/USD, “Euro vs US Dollar”
EUR/USD has completed a growth wave to 1.1111. A consolidation range is forming around this level. With a downward escape from the range, a decline wave to 1.1020 is expected. With an upward escape, a growth structure to 1.1155 is not excluded. Next, the pair might go down by the trend to 1.0888. This is the first target.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD has completed a growth wave to 1.2800. A consolidation range is expected to form around this level today. A downward escape from it to 1.2715 is expected, from where the trend might continue to 1.2612. This is the first target.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY continues developing a decline wave to 140.70. After the price reaches this level, a growth link to 141.66 is expected (a test from below), followed by a decline to 140.45. Next, a rise to 144.00 could form.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF has completed a decline wave to 0.8400. A consolidation range is forming around this level today. With a downward escape from the range, the potential for a decline to 0.8380 might open. Once this level is reached, a new growth wave to 0.8480 could begin, from where the trend might continue to 0.8570. This is the first target.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is forming a decline wave to 0.6824, followed by a rise to 0.6844 and a decline to 0.6780. This is the first target. Once this level is reached, a correction to 0.6825 is expected (a test from below).
Brent
Brent has completed a correction wave to 79.33. A consolidation range is forming above this level today. Extension of the range to 79.20 is not excluded. Next, a rise to 81.60 might follow, from where the trend could continue to 83.00. This is the first target.
XAU/USD, “Gold vs US Dollar”
Gold continues developing a growth wave to 2089.00. Once this level is reached, a correction to 2052.75 might follow (a test from above). Next, a growth structure to 2118.00 is expected.
S&P 500
The stock index continues developing a consolidation range around 4800.0. Extension of the range to 4805.0 is not excluded. Next, a decline wave to 4772.0 might follow. And if this level also breaks downwards, the potential for a wave to 4696.0 might open. This is the first target.
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