EURUSD, “Euro vs US Dollar”
EURUSD has extended the ascending structure towards 1.1439; it may be considered as the third ascending wave. Today, the pair may be corrected inside the fourth wave to reach 1.1400 and then start the fifth one with the target at 1.1151. All ascending structure are an alternative scenario, which implies that the instrument may continue the uptrend.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has expanded the consolidation range upwards. Possibly, today the pair may fall towards its downside border at 1.2703. After breaking this level, the market may start a new correction with the target at 1.2622.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has extended the descending structure towards 0.9790; it may be considered as the third descending wave. Right now, the price is consolidating near the lows and may break the range upwards. Possibly, the pair may grow towards 0.9850 inside the fourth wave and then form the fifth one with the target at 0.9782.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading upwards; it has broken the range to the upside and may continue growing to extend the structure towards 109.37. Later, the market may be corrected to reach 107.62 and then form one more ascending structure with the target at 111.37 (an alternative scenario). According to the main scenario, the pair is expected to continue trading inside the downtrend with the target at 99.00.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating below 0.7137. Possibly, today the pair may form a new descending structure to break 0.7092 and then continue the correction with the target at 0.6985. After that, the instrument may start a new growth towards 0.7200.
USDRUB, “US Dollar vs Russian Ruble”
After completing the descending wave at 67.20, USDRUB has formed another consolidation range and broken it downwards. Possibly, the pair may expand the range towards 66.50. According to the main scenario, the price is expected to start a new correction with the target at 68.14 and then resume falling to reach 65.60.
XAUUSD, “Gold vs US Dollar”
Gold is trading downwards to reach 1277.05. Later, the market may break this level and continue the third descending wave with the short-term target at 1259.50.
Brent is consolidating around 57.29; right now, it is falling to reach 56.52. After that, the instrument may start a new growth to expand the range towards the short-term target at 60.60.
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.