EUR USD, “Euro vs US Dollar”
The EUR/USD pair has finished the first descending impulse. We think, today the price may start the second impulse and break the rising channel. The instrument is expected to form the first wave with the target at 1.1955.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still moving upwards. Possibly, the price may reach 1.3622 and then resume falling with the first target at 1.3455.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is consolidating near the lows. According to the main scenario, the price may break the range upwards and start another growth. The first target is at 0.9788.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is trading to rebound from the downside border of the Triangle pattern. Possibly, the price may grow to reach 112.85 and then fall towards 112.44.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is moving downwards to reach 0.7770. After that, the instrument may resume trading upwards with the target at 0.7807 and then continue forming the descending wave towards 0.7665.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating above 57.64. If later the instrument breaks this range to the downside (the main scenario), the market may continue falling inside the downtrend to reach 56.55; if to the upside – start another correction towards 58.35 and then resume moving downwards to reach the main target.
XAU USD, “Gold vs US Dollar”
Gold has completed the descending impulse. Possibly, the price may continue forming this descending wave. The first target is at 1302. Later, in our opinion, the market may grow towards 1311 and then resume moving downwards to reach 1292.
Brent has broken 66.42. Possibly, today the price may continue growing to reach 68.30. The local target of this wave is at 70.72. Considering that there are no corrections in this structure, the market may start another decline towards 64.60. After that, the instrument may continue growing inside the uptrend to reach the main target.
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.