EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached the local target at 1.1340. We think, today the price may grow towards 1.1380 to test it from below. Later, in our opinion, the market may move downwards to reach 1.1313 and then start another correction with the target at 1.1380.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is trading to break the low of the first impulse and expected to form another consolidation range near 1.2927. The local target of this wave is at 1.2860. After that, the instrument may grow towards 1.2927 and then start another decline with the target at 1.2817.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has reached the target of the third ascending wave. Possibly, today the price may fall to reach 0.960 and then start the fifth wave towards 0.9666. After that, the instrument may be corrected to reach 0.9600.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has extended its ascending wave. Possibly, today the price may fall towards 111.95 and then start another correction to reach 112.70.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is falling towards 0.7588. Later, in our opinion, the market may grow to reach 0.7650 and then fall to break 0.7588. The local target is at 0.7500.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is still forming in the center of the descending wave. After breaking this range to the downside, the price may reach the first target at 58.26. Later, in our opinion, the market may be corrected towards 59.30.
XAU USD, “Gold vs US Dollar”
Gold has broken its consolidation range to the downside and completed the descending wave by reaching 1222.22. After the market opening, the instrument is expected to grow towards 1259.10.
Brent has extended the third ascending structure towards 49.60. Possibly, today the price may fall to reach 47.50 and the form the fifth structure with the target at 50.30. Later, in our opinion, the market may start another correction to reach 47.50.
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.