EURUSD, “Euro vs US Dollar”
The currency pair completed a wave of growth towards 1.1785. Today the market is correcting to 1.1747, after which we expect growth to 1.1797. The price can even leap up to 1.1830, after which a wave of decline to 1.1700 might start.
GBPUSD, “Great Britain Pound vs US Dollar”
The currency pair is trading in a consolidation range around 1.3800. Today, it might extend to 1.3859, then correct to 1.3800 again. After the correction, we expect the price to grow to 1.3911.
USDRUB, “US Dollar vs Russian Ruble”
The currency pair keeps forming a consolidation range around 76.00. The range might then extend to 76.70. Then the price might drop to 75.10 (at least), after which growth to 77.50 should follow.
USDJPY, “US Dollar vs Japanese Yen”
The currency pair is forming a consolidation range above 110.51. The main scenario is a downward correction to 110.08, followed by growth to 111.44.
USDCHF, “US Dollar vs Swiss Franc”
The currency pair is trading in a consolidation range around 0.9444 without any bright trend. Today, the price might drop to 0.9371. After which growth to 0.9520 might follow.
AUDUSD, “Australian Dollar vs US Dollar”
The currency pair has performed a decline to 0.7535. At the moment, the market is correcting to 0.7600. After the end of the correction, we expect a decline to 0.7454.
Oil keeps developing a consolidation range around 64.00. Today the range should extend to 65.52, after which the price is expected to drop to 60.00.
XAUUSD, “Gold vs US Dollar”
Gold is trading in a consolidation range around 1720.00. Today, growth might continue to 1755.73, followed by a decline to 1720.00. With an escape from this range upwards, potential for growth to 1815.00 will appear. The goal is local.
The index has completed a wave of growth to 4040.4. Today, we expect a consolidation range to develop above this level. With an escape downwards, a correction to 3946.7 might happen. Then growth should continue to 4160.0.
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.