EURUSD, “Euro vs US Dollar”
After completing the correction at 1.1320, EURUSD is forming a new descending wave towards 1.1242. Possibly, today the pair may consolidate above 1.1281. Later, the market may break this level to the downside and reach 1.1268. After that, the instrument may form one more ascending structure to return to 1.1281 and then resume trading inside the downtrend with the target at 1.1242.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading downwards. Today, the pair may reach 1.2557 and then start another growth towards 1.2590. Later, the market may form a new descending structure with the short-term target at 1.2500.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still consolidating between 0.9830 and 0.9880. If later the price breaks the range to the downside, the instrument may continue the correction towards 0.9770; if to the upside – resume trading upwards with the short-term target at 0.9950.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed the correctional wave at 107.55; right now, it is consolidating above it. Possibly, the pair may grow to break 108.04 and then continue trading upwards with the short-term target at 108.85.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached the correctional target at 0.6999; right now, it is consolidating. Possibly, the pair may expand the range towards 0.7007 and then fall to reach 0.6980. Later, the market may break this level and then continue trading downwards with the short-term target at 0.6850.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is trading upwards and forming a narrow consolidation range around 63.27. Possibly, the pair may break it to the upside and continue trading upwards with the short-term target at 63.80.
XAUUSD, “Gold vs US Dollar”
Gold has completed the correction; right now, it is consolidating above 1422.00. Possibly, today the pair may rebound from this level to the downside and start a new decline with the first target at 1407.20.
Brent has completed the correction at 63.43. Today, the pair may consolidate around this level. Possibly, the pair may expand the range towards 62.00 and then form one more ascending structure with the first target at 67.55.
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.