EURUSD, “Euro vs US Dollar”
After finishing the descending wave at 1.2011 and then breaking 1.2041 to the upside, EURUSD is expected to form a new consolidation range there. Later, the market may break the range to the upside and start a new growth with the target at 1.2077. After that, the instrument may start another correction to return to 1.2041.
GBPUSD, “Great Britain Pound vs US Dollar”
After finishing the descending structure at 1.3611 along with the correction towards 1.3666, GBPUSD is expected to fall and reach 1.3587. After that, the instrument may form one more ascending wave with the target at 1.3700.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating above 75.25 Possibly, the pair may start another growth towards 76.22. Later, the market may form a new descending structure to break 75.00 and continue trading downwards with the short-term target at 73.77.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating above 104.80. Possibly, the pair may break the range to the downside and correct towards 104.26. After that, the instrument may form one more ascending structure to reach 105.20 and then resume falling with the target at 103.33.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is forming a new consolidation range around 0.8966. Today, the pair may grow towards 0.8994 and then start a new correction to reach 0.8920. Later, the market may resume trading upwards with the target at 0.9000.
AUDUSD, “Australian Dollar vs US Dollar”
After breaking 0.7626 and finishing the descending structure at 0.7565, AUDUSD is moving upwards to return to 0.7626 and test it from below. After that, the instrument may start another decline with the target at 0.7552.
Brent is still growing. Possibly, today the asset may reach 58.00 and then consolidate there. After that, the instrument may break the range to the downside and correct towards 56.30. Later, the market may form one more ascending structure with the target at 58.25.
XAUUSD, “Gold vs US Dollar”
Gold has finished the descending structure with the short-term target at 1830.00. Possibly, today the metal may start a new growth to test 1851.00 from below and then resume trading downwards to reach 1827.00.
After reaching 3822.2, the S&P index is consolidating there. If later the price breaks this range to the upside, the market may resume growing to reach 3940.0; if to the downside – start a new decline with the target at 3609.0.
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.