EURUSD, “Euro vs US Dollar”
EURUSD has reached the short-term downside target at 1.1110; right now, it is consolidating around 1.1113. Possibly, the pair may expand the range down to 1.1098 and then form one more ascending structure towards 1.1136. Later, the market may start another decline to reach 1.1118. If the price breaks 1.1137, the instrument may continue the correction with the target at 1.1168.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD continues forming the descending wave with the target at 1.3050. Later, the market may break this level and continue falling with the short-term target at 1.2888. After that, the instrument may start a new growth to test 1.3050 from below and then form a new descending structure towards 1.2823.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is growing towards 0.9744. Possibly, today the pair may break this level and reach the short-term target at 0.9807. After that, the instrument may start a new decline to reach 0.9750.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed the correction at 108.16; right now. it is forming the second ascending impulse towards 109.25. Later, the market may correct to reach 108.70 and then start another growth with the target at 109.74.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating above 0.6850. Possibly, the pair may form one more ascending structure to break 0.6898 and then continue growing with the target at 0.6945.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving downwards; it has already broken 61.61. The main scenario implies that the price may continue trading inside the downtrend towards 61.06. Later, the market may grow to return to 61.61 and then resume falling to reach 60.80.
USDCAD, “US Dollar vs Canadian Dollar”
After finishing the ascending impulse at 1.3037, USDCAD is consolidating at the top. Later, the market may start another decline towards 1.2994. if the price breaks 1.3040 to the upside, the instrument may form one more ascending structure with the target at 1.3131.
XAUUSD, “Gold vs US Dollar”
After forming a continuation pattern around 1576.64 and breaking it to the downside, Gold has reached the short-term target at 1558.15; right now, it is consolidating around this level. Possibly, today the pair may grow towards 1576.60 and then resume trading inside the downtrend with the target at 1542.92.
After breaking the ascending channel downwards, Brent has reached the target at 65.40. Today, the pair may consolidate above this level. According to the main scenario, the price is expected to form one more ascending wave with the first target is at 68.40.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD has broken 8060.00 to the downside. Possibly, today the pair may fall with the short-term target at 7750.00 and then start a new growth towards 8050.00. After that, the instrument may resume falling to test 7700.00 from above and then form one more ascending structure to reach 8600.00.
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.