EUR USD, “Euro vs US Dollar”
The EUR/USD pair has tested 1.1207 from above and rebounded from it slowly. Possibly, the price may continue falling towards 1.1180. Later, in our opinion, the market may move according to an alternative scenario and form another ascending wave with the target at 1.1307. however, if the pair falls and breaks 1.1164, the instrument may continue falling inside the downtrend towards 1.1075.
GBP USD, “Great Britain Pound vs US Dollar”
Being under pressure, the GBP/USD pair is moving downwards. After breaking 1.2840 to the downside, the instrument may fall towards 1.2760. Later, in our opinion, the market may grow to return to 1.2840.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has returned to 0.9716. Possibly, today the price may fall towards 0.9692. After that, the instrument may break the top of this range and grow with the target at 0.9752. However, if the pair breaks the range downwards, the market may choose an alternative scenario and fall to reach 0.9625.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has completed the ascending impulse towards 111.47 and right now is consolidating around it. If later the market breaks this consolidation range to the downside, it may be corrected to reach 110.94; if to the upside – grow towards 112.42.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading around 0.7388; this structure may be considered as a downside continuation pattern. We think, today the price may reach the local target at 0.7300.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair may reach 57.00 today. Later, in our opinion, the market may fall towards 55.50 and then grow to return to 57.00.
XAU USD, “Gold vs US Dollar”
Gold is being corrected towards 1256.40. After that, the instrument may grow with the target at 1274.60.
Brent has finished the ascending wave. Possibly, today the price may consolidate at the current lows. The market is expected to form a new reversal pattern. After breaking the range to the upside, the instrument may continue growing towards 53.00.
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.