EURUSD, “Euro vs US Dollar”
EURUSD has reached the downside border of the consolidation range and then returned to 1.2310. If later the instrument breaks this range to the downside, the market may continue falling to reach 1.2210; if to the upside – start another correction with the target at 1.2376 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 is trading towards 0.9570 and then may return to 0.9550, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may grow to reach 0.9630; if to the downside – continue the correction with the target at 0.9500 and then resume moving inside the uptrend towards 0.9700.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed the descending structure, which may be considered as the fourth wave. Possibly, today the price may start another consolidation range near the lows. Later, the market may break it upwards and form the fifth ascending wave with the target at 107.74.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating. Today, the price may fall to reach 0.7614 and then grow towards 0.7700. After that, the instrument may resume falling inside the downtrend with the target at 0.7566.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB continues consolidating. If later the instrument breaks this range to the upside, the market may grow to reach 58.13; if to the downside – fall to break 56.56 and then continue moving inside the downtrend with the target at 55.30.
XAUUSD, “Gold vs US Dollar”
Gold is trading downwards. Possibly, the price may reach 1333.00 and then start another growth with the target at 1338.00. Later, the market may form another descending wave towards the short-term target at 1325.00.
Brent has finished another descending impulse and may start a new correction. Possibly, today the price may grow towards 69.08 and then fall with the target at 67.37. After that, the instrument may start another growth to reach 71.31.
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.