Forex technical analysis and forecast: Majors, equities and commodities

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EURUSD has completed a wave of correction to 1.0875, beginning a new declining wave. Today the market has demonstrated a structure of the move to 1.07

77. A link of growth to 1.0810 is not excluded . Next, a decline to 1.0750 could follow, from where the trend might continue to 1.0700. This is a local target.GBPUSD has corrected to 1.2732, beginning a new wave of decline. Today it has completed a structure of the move to 1.2558. A link of growth to 1.2628 is not excluded . Next, a decline to 1.2520 could follow, from where the trend might continue to 1.2450.USDJPY continues developing a wave of growth to 146.25.

Gold has corrected to 1923.23. Today the market is forming a structure of a declining impulse to 1904.00. After the price reaches this level, a link of growth to 1913.00 might follow. Next, a decline to 1893.80 could form, from where the trend might continue to 1885.00. This is the first target.The stock index has completed a wave of correction to 4475.3. Today the market continues developing a wave of decline to 4330.0. After the price reaches this level, a link of growth to 4404.

 

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