EURUSD, “Euro vs US Dollar”
EURUSD continues falling; it has broken the downside border of the Pennant pattern. Possibly, today the pair may test 1.1607 from below and then resume trading to the downside with the short-term target at 1.1520.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has broken 1.3068 and form a downside continuation pattern. Today, the price may test the above-mentioned level from below and then continue trading to the downside to reach the short-term target at 1.2970.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still moving upwards. Possibly, today the pair may reach the target at 0.9988. After that, the instrument may start another decline towards 0.9945 and then form a new ascending structure with the target at 1.0025.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating. If later the instrument breaks this range to the upside, the price may grow to reach 112.30; if to the downside – continue falling inside the downtrend with the target at 110.30.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating around 0.7335. Possibly, today the pair may fall to reach 0.7300. After that, the instrument may grow towards 0.7340 and then form another descending structure towards the short-term target at 0.7288.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has completed the ascending structure. Today, the price may fall to reach 62.50, thus forming another consolidation range. Later, the market may break this range to the downside and resume falling to with the target at 59.60.
XAUUSD, “Gold vs US Dollar”
Gold is trading downwards. Possibly, today the pair may be corrected to reach 1211.00. Later, the market may fall towards 1200.00 and then start another correction with the target at 1239.00.
Brent is moving downwards; it has returned to 73.40. Today, the price may form another descending structure towards 70.90 and then start a new growth with the first target at 75.40.
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.