EUR USD, “Euro vs US Dollar”
The EUR/USD pair is consolidating above 1.1907. Possibly, today the price may fall to reach 1.1835 and then grow towards 1.1888. After that the instrument may continue falling inside the downtrend with the target at 1.1800.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has completed the ascending structure, which may be considered as a correction. We think, today the price may continue falling inside the downtrend to reach the first target at 1.2790. Later, in our opinion, the market may form another consolidation range, break it downwards, and then continue moving to the downside with the local target at 1.2540.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is trading near the lows of the descending wave and forming another consolidation range. After the instrument breaks this range to the upside, it may continue growing towards 0.9577. Later, in our opinion, the market may fall to reach 0.9555 and then start another growth with the target at 0.9600.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is still trading downwards. Possibly, today the price may grow to reach 109.50 and then continue falling inside the downtrend with the target at 107.93.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has formed another consolidation range below 0.7977. If later the instrument breaks this consolidation range to the downside, the market may fall to reach 0.7755; if to the upside – continue growing towards 0.8040. After that, the instrument may continue falling inside the downtrend with the target at 0.7755.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has reached another new low. Possibly, today the price may grow to reach 57.50. Later, in our opinion, the market may continue falling towards the local target at 56.76.
XAU USD, “Gold vs US Dollar”
Gold is consolidating above 1335. We think, today the price may grow towards 1350 and then fall to reach 1327. The market is expected to form a reversal pattern.
Brent has broken 52.80 to the upside and is expected to expand the range towards 53.65. After that, the instrument may fall to return to 52.80 and then continue growing the local target at 54.64.
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.