EUR USD, “Euro vs US Dollar”
The EUR/USD pair has completed the wave with the target at 1.0940 and formed a downside continuation pattern there. Possibly, the price may reach 1.0886. Later, in our opinion, the market may be corrected towards 1.0943. However, the current descending impulse is pretty strong and the downtrend may continue to reach 1.0720 without corrections.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is forming the descending impulse with the target at 1.2925. After that, the instrument may grow to reach 1.3012. Later, in our opinion, the market may be corrected to the downside towards 1.2840.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is forming the ascending impulse. We think, today the price may reach 1.0016. After that, the instrument may be corrected towards 0.9940. However, the impulse is quite strong and the uptrend may continue with the target at 1.0133 without corrections.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has extended the ascending wave. Possibly, today the price may fall towards 112.07, break it, and then continue moving downwards to reach 110.70. The main scenario implies that the instrument may start the fifth descending wave to reach the main target at 106.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has broken the consolidation range downwards and formed the downside continuation pattern. Possibly, the price may reach 0.7200.
USD RUB, “US Dollar vs Russian Ruble”
After the market opening, the USD/RUB pair is expected to reach 57.56. After that, the instrument may grow with the target at 59.43.
XAU USD, “Gold vs US Dollar”
Gold is still falling. We think, the price may break 1225.50 and then continue moving downwards to reach 1214.66. Later, in our opinion, the market may be corrected towards 1235.30 and then continue moving downwards with the target at 1212.00
Brent is consolidating. If later the price breaks this consolidation range to the upside, the instrument may grow towards 51.00; if to the downside – fall with the target at 43.42.
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.