EUR USD, “Euro vs US Dollar”
The EUR/USD pair is trading upwards. Possibly, today the price may reach 1.2091 and then start another correction towards 1.2046 (at least). Later, in our opinion, the market may form one more ascending structure towards 1.2114 and then continue falling inside the downtrend with the first target at 1.1840.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has almost completed the correction. We think, today the price may form another descending structure towards 1.3831, thus forming a new consolidation range. If later the instrument breaks this range to the downside, the market may continue falling towards 1.3422; if to the upside – grow to reach 1.3617.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is being corrected towards 0.9718. After that, the instrument may start another growth to reach 0.9800, break it, and then continue its movement towards the local target at 0.9880.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has reached the target of the first ascending structure. Possibly, today the price may be corrected towards 112.47. Later, in our opinion, the market may grow to reach the upside border of the Triangle pattern at 113.33.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has finished the ascending structure. We think, today the price may fall towards 0.7800 and then grow to reach 0.7834, thus forming another consolidation range at the top of the wave. In the future, the instrument may break this range to the downside and fall to reach 0.7665.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading downwards. The target is at 56.80. After that, the instrument may start another correction towards 57.35 and then fall to reach 56.55.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating. Possibly, the price may reach 1329 and then fall to break 1305. Later, in our opinion, the market may start another descending wave with the target at 1264.
Brent has completed another consolidation range near 68.30. If later the instrument breaks this range to the downside, the market may start another correction to reach 67.00; if to the upside – continue growing towards 69.30. The local target of the wave is at 70.72.
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.