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Forex technical analysis and forecast: Majors, equities and commodities - FXStreet

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EUR/USD, “Euro vs US Dollar”

EUR/USD has completed the first wave of decline to 1.1174. Today it might correct to 1.1232 with a test from below. After the correction is over, a new wave of decline to 1.1150 could start. This is a local target.

EURUSD

GBP/USD, “Great Britain Pound vs US Dollar”

GBP/USD has completed a structure of a wave of decline to 1.2866. A correction to 1.2990 might form today. After it is over, a new wave of decline to 1.2848 might form. This is the first target.

GBPUSD

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY continues forming a structure of growth to 140.50. Next, a decline to 139.09 and a rise to 140.95 are expected. After the price reaches this level, a link of decline to 136.83 is not excluded.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF continues forming a consolidation range around 0.8590 without any expressed trend. Today the range could expand to 0.8530. Next, a wave of growth to 0.8782 is expected to begin. This is the first target.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed the target of a declining wave at 0.6750. Today the market is forming a corrective structure to 0.6833. The correction might expand to 0.6852. After the correction is over, a new wave of decline to 0.6695 is expected to begin. This is a local target.

AUDUSD

Brent

Brent continues forming a consolidation range around 79.71 without any expressed trend. A corrective link of decline to 77.90 is not excluded (with a test from above). After the price reaches this level, a new wave of growth to 82.42 could begin, from where the trend might continue to 84.00. This is a local target.

Brent

XAU/USD, “Gold vs US Dollar”

Gold has completed a structure of growth to 1987.00. Today the quotes might drop to 1979.50. Next, a link of growth to 1988.99 is not excluded. And next, a wave of decline to 1964.64 might start. A breakout of this level could open the potential for a wave of decline to 1902.00.

XAUUSD

S&P 500

The stock index has formed a link of growth to 4581.4. Today it might correct to 4486.0. Next, a new structure of growth to 4591.0 is not excluded, followed by a decline to 4485.0. And a breakout of this level could open the potential for a wave of decline to 4282.0.

S&P 500

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2023-07-20 10:15:13Z
CBMidGh0dHBzOi8vd3d3LmZ4c3RyZWV0LmNvbS9hbmFseXNpcy9mb3JleC10ZWNobmljYWwtYW5hbHlzaXMtYW5kLWZvcmVjYXN0LW1ham9ycy1lcXVpdGllcy1hbmQtY29tbW9kaXRpZXMtMjAyMzA3MjAxMDE10gF4aHR0cHM6Ly93d3cuZnhzdHJlZXQuY29tL2FtcC9hbmFseXNpcy9mb3JleC10ZWNobmljYWwtYW5hbHlzaXMtYW5kLWZvcmVjYXN0LW1ham9ycy1lcXVpdGllcy1hbmQtY29tbW9kaXRpZXMtMjAyMzA3MjAxMDE1

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