EURUSD, “Euro vs US Dollar”
EURUSD has broken the ascending channel. Possibly, today the price may form the fifth descending structure with the target at 1.1770 and then grow to reach 1.1800. Later, the market may continue falling inside the downtrend towards 1.1740.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed the descending impulse along with the correction. Today, the price may break the low of the first impulse and continue falling towards 1.3268. After that, the instrument may f start another correction to reach 1.3370.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has reached the target of the Flag correctional pattern. Possibly, today the price may grow towards 0.9875 and then fall to reach 0.9800. Later, the market may continue its growth with the first target at 0.9960.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading downwards; the first target is at 109.17. After that, the instrument may grow to reach 109.71 and then start another decline towards 107.90.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is forming the first descending wave. Today, the price may fall towards 0.7600 and then grow to reach 0.7640. Later, the market may continue falling inside the downtrend with the target at 0.7560.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 62.00. If later the pair breaks this range to the downside, the market may fall towards 61.18; if to the upside – start another growth to reach 63.20. After that, the instrument may resume falling to break 60.80 and then continue trading to the downside with the short-term target at 58.90.
XAUUSD, “Gold vs US Dollar”
Gold is forming the first descending impulse towards 1294.00. Later, the market may grow towards 1298.00 and then form a new descending wave to break 1288.00. After that, the instrument may continue this decline to reach the short-term target at 1275.00.
Brent is forming a new ascending wave. Today, the price may form the third structure to reach 78.40. Later, the market may fall towards 76.40 and then resume trading to the upside towards the first target at 79.22.
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.