EUR USD, “Euro vs US Dollar”
The EUR/USD pair continues forming another descending structure. Possibly, the price may reach the local target at 1.0554. After that, the instrument may grow towards 1.0580 and then continue falling to reach 1.0525.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has reached the local target of the descending wave. Possibly, today the price may consolidate and start another correction with the target at 1.2377. Later, in our opinion, the market is expected to form the fifth structure to reach 1.2071.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is trading to break 1.0137 to the upside. Possibly, today the price may continue growing with the target at 1.0200. After that, the instrument may be corrected towards 1.0137 and then grow to reach 1.0240.
USD JPY, “US Dollar vs Japanese Yen”
Being under pressure, the USD/JPY pair is falling towards 113.40. Later, in our opinion, the market may grow with the target at 115.30, then reverse, and start falling to reach 111.10.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has completed the correction. Possibly, today the price may fall towards 0.7527. After that, the instrument may start another growth to reach 0.7630.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is being corrected towards 57.64. Possibly, today the price may reach this level and start growing with the target at 58.73. In fact, the instrument is expected to start forming the third ascending wave with the predicted target at 60.00.
XAU USD, “Gold vs US Dollar”
Gold is extending the descending wave; it has broken 1223 and formed the continuation pattern. Possibly, today the price may test 1223 from below and then continue falling to reach 1182.
Brent has broken the ascending channel. Possibly, the price may reach 55.30 and form another consolidation range. After breaking the range downwards, the market may form a downside continuation pattern. The local target is at 54.00.
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.