EURUSD, “Euro vs US Dollar”
EURUSD is still consolidating. Possibly, today the price fall to reach the downside border and then grow towards the center at 1.2310. If later the instrument breaks this range to the downside, the market may fall to reach 1.2208; if to the upside – start another correction with the target at 1.2374 and then resume falling inside the downtrend towards 1.2250.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating below 1.4065. Today, the price may fall to reach 1.3933 and then grow to return to 1.4065. After that, the instrument may start another decline towards 1.3888.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has returned to 0.9545. Possibly, today the price form another descending structure towards 0.9500 and then resume growing with the short-term target at 0.9630.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving upwards. Possibly, the price may reach 106.47. Later, the market may start another descending structure and then resume moving inside the uptrend with the short-term target at 107.07.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is falling. Possibly, the price may reach 0.7614 and then grow towards 0.7700. After that, the instrument may resume falling inside the downtrend with the target at 0.7550.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving downwards. Possibly, today the price reach 57.01 and then grow towards 57.40. Later, the market may fall to break 56.88 and then continue moving inside the downtrend with the target at 55.50.
XAUUSD, “Gold vs US Dollar”
Gold is trading upwards. Possibly, the price may reach 1330.00 and then start another decline with the target at 1319.00, thus forming another consolidation range near the lows of the second descending wave.
Brent is moving upwards and may expand the range towards 71.00. After that, the instrument may fall to reach the center of the range at 69.50 and then grow with the target at 71.30. Later, the market may be corrected downwards to reach 67.85 and then start another growth with the short-term target at 72.22.
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.