USDCHF is probably continuing to evolve within bearish structure. For today, 0.8900 level can be violated with further consolidation and bearish structure. First target is considered to be at 0.8780.
USDJPY has formed continuation pattern after breaking 101.70 and now goes down. For today, 101.00 level might be achieved. After that, price can revisit 101.70 from below. After that I expect further decline with achieving 100.50
AUDUSD continues to move within ascending structure with target of 0.9465. Today this target can be achieved, after that I will expect possibility of reversal with executing 4th correctional structure with target of 0.9270.
Russian rouble is continuing to trade near recent lows. I will expect that this consolidation is going to be continued with further reversal and 4th ascending wave. Target for this growth will be around 35.00. After that I will expect that market can decline with target of 33.20 in the form of 5th wave. As a possible alternative, I would note that If market will touch 33.20 on the way down, strategic target of 3-wave combination will be executed. In case it happen, potential for correctional move will be exhausted. Next anticipated movement will be ascending wave with 38.50 as a target.
Gold is consolidating on the top in the shape of triangle. For today, I will expect that 5th wave of the triangle can be developed. Upper side of the triangle can be tested with further decline. Target for this decline might be around 1208.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.