EURUSD, “Euro vs US Dollar”
After breaking 1.1212 and reaching the target at 1.1248, EURUSD has returned to 1.1212; right now, it is forming one more ascending structure towards 1.1256. Later, the market may resume trading inside the downtrend to return to 1.1212.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has finished the first ascending impulse along with the correction; it has broken the descending channel. Possibly, today the pair may start forming the second rising impulse to reach 1.3058. After that, the instrument may continue falling with the target at 1.3030.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating around 1.0148. If later the price breaks the range to the upside, the instrument may start a new growth with the target at 1.0170; if to the downside – form a new descending structure towards 1.0116 and then resume growing to reach the above-mentioned target.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has reached the downside target; right now, it is moving upwards with the target at 110.21. Later, the market may start another decline towards 109.84 and then form one more ascending structure.to reach 110.61.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating around 0.6996. Possibly, today the pair may fall to reach 0.6950 and start a new growth to return to 0.6996.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has completed the correctional structure at 64.87. After the market opening, the pair may break the correctional channel to the upside and form one more ascending structure with the target at 66.02. Later, the market may start another decline towards 64.30.
XAUUSD, “Gold vs US Dollar”
Gold is moving upwards. Today, the pair may reach 1290.30 and then form a new descending structure with the target at 1286.60. After that, the instrument may start another growth to return to 1293.30.
Brent is consolidating around 70.30; right now, it is trying to break the range upwards. Possibly, the pair may reach 72.70. If later the price breaks this level to the upside, the instrument may form one more ascending structure with the target at 74.4. However, if the range is broken to the downside, the market may start a new decline towards 67.95 and then resume trading inside the uptrend to reach 76.50.
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.