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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 a growth wave to 1.1044. A correction link to 1.1025 is not excluded today. Next, the growth wave might extend to 1.1056. Once this level is reached, a correction to 1.0993 might start, followed by a rise to 1.1088.

EURUSD

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

GBP/USD is forming a consolidation range around 1.2720. A growth structure to 1.2747 is not excluded. Once this level is reached, a correction to 1.2720 is expected. Next, a growth link to 1.2765 might follow.

GBPUSD

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY continues developing a consolidation range around 142.50 without any obvious trend. With an escape upwards, a correction to 143.43 could follow. With a downward escape, the potential for a decline wave to 140.00 might open. This is a local target.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has completed a decline wave to 0.8537. A consolidation range is now forming around this level. With an escape downwards, the potential for a decline to 0.8508 might open. Once this level is reached, a new growth wave to 0.8647 could start, from where the trend could continue to 0.8784.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed a growth wave to 0.6840. A decline impulse to 0.6800 could begin today. With a breakout of this level, the potential for a decline wave to 0.6733 might open. This is the first target.

AUDUSD

Brent

Brent has broken the 80.55 level upwards, completing the growth structure to 81.56. A correction link to 80.55 might follow (a test from above) with a rise to 83.00. This is the first target.

Brent

XAU/USD, “Gold vs US Dollar”

Gold continues developing a growth wave to 2079.80. Once this level is reached, a correction to 2045.76 might follow (a test from above). Next, a link of growth to 2118.00 is expected.

XAUUSD

S&P 500

The stock index has completed a growth wave to 4790.0. A consolidation range is expected to form under this level. With a downward escape, a new decline wave to 4742.5 could begin. This is the first target.

S&P 500

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2023-12-27 11:29:47Z
CBMidGh0dHBzOi8vd3d3LmZ4c3RyZWV0LmNvbS9hbmFseXNpcy9mb3JleC10ZWNobmljYWwtYW5hbHlzaXMtYW5kLWZvcmVjYXN0LW1ham9ycy1lcXVpdGllcy1hbmQtY29tbW9kaXRpZXMtMjAyMzEyMjcxMTI50gF4aHR0cHM6Ly93d3cuZnhzdHJlZXQuY29tL2FtcC9hbmFseXNpcy9mb3JleC10ZWNobmljYWwtYW5hbHlzaXMtYW5kLWZvcmVjYXN0LW1ham9ycy1lcXVpdGllcy1hbmQtY29tbW9kaXRpZXMtMjAyMzEyMjcxMTI5

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