EUR/USD, “Euro vs. US Dollar
The EUR/USD cross formed a bearish wave as low as 1.0521. Today we may see a correction to 1.0590. After the price reaches this level, a new wave of declines to 1.0515 may begin. This is the first target.
GBP/USD, Pound Sterling to US Dollar Crossing
The GBP/USD completed a wave of declines to 1.2068. Today it may correct to 1.2170. The next move could be to the 1.2000 level. This is a local target.
USD/JPY, US Dollar vs. Japanese Yen
The USD/JPY completed a bullish move to 150.75 and a correction to 149.83. Today, the market is forming a consolidation range around 150.30 and could fall to 149.80. A break below this level could open up the potential for a decline to 149.33. This is the first target.
USD/CHF, US Dollar vs. Swiss Franc
The USD/CHF has reached the local target of the bearish wave at 0.9003. Today we may see a correction to 0.8965 (with a test from above). Then a new bullish move to 0.9040 could begin. This is the first target.
AUD/USD, Australian Dollar vs. US Dollar
The AUD/USD has formed a consolidation area around 0.6310 and a breakout above it could extend the correction to 0.6350. After that, the bearish wave is expected to continue to 0.6266. This is the first target.
Brent Oil
Brent has completed a wave of correction to 86.50. Today, the market could rise to 89.50 and a break above this level could open up the potential for a new bullish wave to 93.25 from where the trend could continue to 95.00. This is a local target.
XAU/USD, “Gold vs. US Dollar
Gold continues to form a consolidation range around 1977.00. Today the range could extend to 2001.11. A drop to 1952.00 is then expected. And a break of this level could open the potential for a wave of declines to 1905.00. This is the first target.
S&P 500
The stock index has completed a wave of decline to 4125.5. A correction to 4185.0 could take place today (with a test from below). After the correction, a fall to 4111.1 is expected. This is the first target.
