EURUSD, “Euro vs US Dollar”
EURUSD is consolidating next to the lows of the descending wave. Possibly, today the pair may reach 1.1199, grow towards 1.1248, and then form a new descending structure with the target at 1.1216. If later the price breaks the range to the downside, the instrument may continue trading downwards to reach 1.1180; if to the upside – start a new correction with the target at 1.1295.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating around 1.2513. Today, the pair may reach 1.2468, grow towards 1.2546, and then start another decline to return to 1.2513. If later the price breaks this range to the upside, the instrument may be corrected towards 1.2615; if to the downside – resume trading inside the downtrend with the target at 1.2450.
USDCHF, “US Dollar vs Swiss Franc”
After breaking another consolidation range to the upside, USDCHF is still trading upwards. Possibly, today the pair may reach 0.9953 and then fall towards 0.9922. Later, the market may continue trading upwards with the predicted target of this ascending structure at 0.9999.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has reached the correctional target as the fourth wave; right now, it is trading downwards. Possibly, the pair may reach 108.63 and then grow towards 108.80, thus forming a new consolidation range. If later the price breaks the range to the downside, the instrument may continue trading downwards with the first target at 107.90.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still trading downwards with the target at 0.6938. After that, the instrument may start another correction towards 0.6969 and then form a new descending structure with the first predicted target at 0.6880.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still trading upwards; right now, it is consolidating around 63.43. Possibly, today the pair may grow with the short-term target at 64.06.
XAUUSD, “Gold vs US Dollar”
Gold is trading downwards to reach 1372.50. After that, the instrument may grow towards 1389.98 and then continue trading downwards with the short-term target at 1328.00.
Brent is trading downwards. Possibly, the pair may reach 63.63 and then form one more ascending structure towards 64.64. If later the price breaks this range to the downside, the instrument may continue the correction towards 62.00; if to the upside – resume trading inside the uptrend with the first target at 67.50.
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.