EURUSD, “Euro vs US Dollar”
EURUSD has completed another descending structure towards the downside border of the consolidation range; right now, it is still trading downwards. Possibly, the pair may form a new consolidation range to break 1.1353. The short-term downside target is at 1.1313.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has almost completed the correction. By now, it has finished another descending impulse; at the moment, it is consolidating above 1.2688. According to the main scenario, the price is expected to continue trading downwards with the short-term target at 1.2648.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading upwards to reach 0.9833. After that, the instrument may start another correction towards 0.9767 and then form one more ascending structure with the target at 0.9877.
USDJPY, “US Dollar vs Japanese Yen”
After reaching the target at 108.40, USDJPY is consolidating. If later the price breaks the range to the downside, the instrument may start a new correction towards 107.55; if to the upside – resume trading upwards with the target at 108.80.
AUDUSD, “Australian Dollar vs US Dollar”
After reaching the target at 0.7020, AUDUSD is forming the first descending impulse; it has broken the ascending wave’s channel. Possibly, the pair may form the descending wave with the first target at 0.6924.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has completed the correction at 62.95. Possibly, today the pair may grow to reach 63.43 and then fall to return to 62.95, thus forming a new consolidation range. If later the price breaks the range to the upside, the instrument may continue trading upwards to reach 65.00; if to the downside – form a new descending structure with the target at 62.30.
XAUUSD, “Gold vs US Dollar”
Gold has completed the descending structure at 1386.50. Today, the pair may start a new correction to reach 1407.33 at least. Later, the market may continue trading downwards with the short-term target at 1350.50.
Brent is trading upwards. Possibly, the pair may reach 67.01 and then start another correction towards 65.35. After that, the instrument may form one more ascending structure with the target at 69.30.
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.