EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached new lows and returned to the center of the consolidation range. Possibly, today the price may fall to reach 1.0622 and then return to 1.0655. After that, the instrument may fall towards 1.0606 and then grow with the second target at 1.0707.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has expanded its consolidation range to the upside. Possibly, today the price may grow towards 1.2511 and then fall to reach 1.2357. Later, in our opinion, the market may start another growth with the target at 1.2485.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has expanded its consolidation range upwards and right now is being corrected to the downside. Possibly, the price may reach 1.0011 and then grow to reach the target at 1.0120.
USD JPY, “US Dollar vs Japanese Yen”
Being under pressure, the USD/JPY pair is moving downwards. Possibly, the price may fall to reach 109.78 and then grow towards 111.00 to test it from below.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has reached the predicted target of the descending wave. Possibly, today the price may extend it towards 0.7522. After that, the instrument may be corrected to reach 0.7637.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has failed to break its consolidation range downwards and returned to the center. Possibly, the price may grow break it to the upside and start a new correction with the target at 57.00. Later, in our opinion, the market may fall to reach 55.50 (at least).
XAU USD, “Gold vs US Dollar”
Gold has reached the local downside target and completed the fourth structure of the correction. Possibly, today the price may fall towards 1240. After that, the instrument may start growing with the target at 1249.
Brent has reached the local target of the ascending wave and right now is forming the descending impulse. Possibly, the price may be corrected towards 53.55. Later, in our opinion, the market may grow to reach 55.34.
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.