EUR USD, “Euro vs US Dollar”
The EUR/USD pair has broken its consolidation channel downwards. Possibly, today the price may continue falling towards 1.1914. The local target is at 1.1930. Later, in our opinion, the market may start another correction to reach 1.2000 and then resume falling towards the main target.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still consolidating around 1.3542. We think, today the price may form another ascending structure towards 1.3591 and then fall to reach the downside border of the range. After breaking 1.3510, the instrument may continue moving downwards with the local target at 1.3455.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is consolidating around 0.9761. Possibly, today the price may grow to reach 0.9788, break it, and then continue its movement towards the local target at 0.9841.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is trading downwards inside the Triangle pattern. We think, today the price may form another ascending structure towards 112.91. Later, in our opinion, the market may fall to reach 112.49.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has formed the descending impulse along with the correction. According to the main scenario, the price may fall to break the low of the first impulse. The local target is at 0.7781. After that, the instrument may grow towards 0.7823 and then resume falling to reach the target of the first descending wave at 0.7767.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading downwards. The target is at 56.80. After that, the instrument may start another correction towards 57.35 and then fall to reach 56.55.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating at the top of the ascending structure. Possibly, the price may reach 1329 and then fall to break 1305. Later, in our opinion, the market may start another descending wave with the target at 1264.
Brent is moving upwards. Possibly, the price may reach 68.85 and then start another correction towards 67.41. After that, the instrument may continue growing to reach 70.95. The main target of this wave is at 71.80.
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.