Forex technical analysis and forecast: Majors, equities and commodities

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EUR/USD, “Euro vs US Dollar”

Having extended the union reach up to 1.0777, EURUSD is supposed to address down to 1.0731 and may later frame another rising construction towards 1.0820. From that point forward, the instrument might continue moving inside the downtrend with the objective at 1.0630.

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

GBP/USD is as yet combining around 1.2615. In the event that later the cost breaks this reach to the potential gain, the market might begin another development towards 1.2750; if to the drawback – continue moving inside the downtrend with the objective at 1.2466.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed the climbing wave at 128.30. Perhaps, today the pair might fall towards 127.45 and afterward start another development to get back to 128.33 Later, the market might continue exchanging downwards with the objective at 126.60.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has finished the rising drive at 0.9595. Today, the pair might tumble to arrive at 0.9580 and afterward continue exchanging upwards with the objective at 0.9626.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD keeps developing towards 0.7222. Afterward, the market might begin one more decay to break 0.7131 and afterward falling with the objective at 0.7030.


In the wake of coming to 122.22, Brent is supposed to address down to 120.00. Afterward, the market might frame another rising wave with the objective at 125.00 or even stretch out this design up to 135.00.

XAU/USD, “Gold vs US Dollar”

Gold has completed another rising construction at 1863.80 alongside the adjustment down to 1848.00. From that point onward, the instrument might continue developing with the transient objective at 1888.00.

S&P 500

The S&P file has finished the remedy at 4200.0. Conceivably, today the resource might continue exchanging downwards to break 4000.0 and afterward keep falling with the objective at 3651.6.

About the author

Nafees Saifi // entrepreneur, author, trainer, and stocks and FX trader. 
Nafees Saifi is a professional FX trader from, India. Nafees has extensive experience trading commodities, bonds, and equity futures in the Asian, European, and US markets. Nafees holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.


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