Technical Research & Forecast October 13, 2023 – R Weblog


AUD Witnesses Prolonged Bearish Developments: Evaluation Masking EUR, GBP, JPY, CHF, Brent, Gold, and the S&P 500 index.

EUR/USD (Euro vs US Buck)

EUR/USD (Euro vs US Dollar)
EUR/USD (Euro vs US Buck)

EUR/USD not too long ago wrapped up an upswing, hitting 1.0638. Right now, the marketplace is consolidating underneath this mark and appears to be transferring against a downward trajectory to at least one.0470. Must the fee certainly hit this stage, an upward leap to at least one.0550 is believable (following a check from under), in the long run adopted via a dip to at least one.0424.

GBP/USD (Nice Britain Pound vs US Buck)

GBP/USD (Great Britain Pound vs US Dollar)
GBP/USD (Nice Britain Pound vs US Buck)

GBP/USD finished an upward wave to at least one.2337. As of now, the marketplace has established a consolidation zone under this level. A downward breakout from this vary resulted in a decline to at least one.2171. Bearing in mind a correction leap to at least one.2222 (following a check from under), an extra decline to at least one.2121 is predicted. This stands as an area goal.

USD/JPY (US Buck vs Eastern Yen)

USD/JPY (US Dollar vs Japanese Yen)
USD/JPY (US Buck vs Eastern Yen)

USD/JPY accomplished an upward wave height at 149.81. An expected dip to 149.00 is at the horizon (with a check from above). Following this, an upswing to 150.75 is most likely.

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USD/CHF (US Buck vs Swiss Franc)

USD/CHF (US Dollar vs Swiss Franc)
USD/CHF (US Buck vs Swiss Franc)

USD/CHF effectively wrapped up a decline wave to 0.8989. The marketplace has since established a consolidation vary above this threshold, gearing up for an upward surge to 0.9122 via breaking out of this vary upwards. This marks the preliminary goal.

AUD/USD (Australian Buck vs US Buck)

AUD/USD (Australian Dollar vs US Dollar)
AUD/USD (Australian Buck vs US Buck)

AUD/USD has finished an upward section achieving 0.6444. Right now, the marketplace presentations indicators of a concluded expansion wave. A consolidation vary is now obvious under 0.6444. A downward breakout from this stage results in a plummet to 0.6262, marking an area goal.

BRENT

BRENT
BRENT

Brent is within the means of forming a consolidation vary close to 86.00. An preliminary downward plunge to 84.00 is believable, in the end adopted via a upward push to 89.00. This marks the principle goal.

XAU/USD (Gold vs US Buck)

XAU/USD (Gold vs US Dollar)
XAU/USD (Gold vs US Buck)

Gold concluded an upward wave at 1884.80. Nowadays, the marketplace skilled a downward surge to 1867.00 and an upswing to 1876.55. These days, a consolidation vary is noticeable, which may damage downwards to 1847.77. This marks the initial goal.

S&P 500

S&P 500
S&P 500

The inventory index is appearing indicators of a downward surge to 4310.0. Following this, there could be an upswing to 4355.0 (with a check from under). Ultimately, a recent wave of decline to 4200.0 may ensue. This stands as an area goal.

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Risk Warning: 74-89% of retail investor accounts lose money when trading CFDs . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money