EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached the downside border of the consolidation range and right now is moving in the middle. We think, today the price may test 1.0903 from below and then fall towards 1.0870. Later, in our opinion, the market may resume growing to return to 1.0903.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has broken 1.2893 to the downside. Possibly, the price may continue falling to reach 1.2838 and then return to 1.2893.
USD CHF, “US Dollar vs Swiss Franc”
Yesterday, the USD/CHF pair attempted to update its low, but rebounded quickly from 0.9892 instead. Possibly, the price may form the Inverted Double Top reversal pattern. The main scenario implies that the market may continue growing towards 0.9960. After breaking this level, the instrument may continue moving upwards with the target at 1.0000.
USD JPY, “US Dollar vs Japanese Yen”
Being under pressure, the USD/JPY pair is moving upwards; it has reached 112.87. Possibly, today the price may test 112.00 from above and then grow towards 113.22. After that, the instrument may form another consolidation range and a reversal pattern. In fact, the market is expected to form another descending wave with the target at 107.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has reached the target of the descending structure. We think, today the price may form another consolidation range to start a new correction towards 0.7500. Later, in our opinion, the market may continue falling inside the downtrend with the target at 0.7220.
USD RUB, “US Dollar vs Russian Ruble”
Being under pressure, the USD/RUB pair is growing. Possibly, the price may reach 57.37. After that, the instrument may fall with the target at 55.50.
XAU USD, “Gold vs US Dollar”
Gold has broken 1254 and formed a downside continuation pattern; this correction may yet continue up to 1215. Possibly, the price may test 1254 from below. Later, in our opinion, the market may move downwards to reach 1215.
Brent is trading to rebound from 51.21 to the downside. Possibly, the price may reach 49.87 and then grow to test 51.21 from below. After that, the instrument may form another descending structure with the target at 49.00.
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.