EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached the target of the first descending wave; it has corrected the fifth descending structure by the ascending impulse and right now is being corrected again. We think, today the price may fall towards 1.1715 and then fall grow to reach 1.1756, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may continue growing towards 1.1800; if to the downside – fall with the target at 1.1690.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is falling inside the downtrend. Possibly, today the price may reach 1.2913 and then grow towards 1.3035.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is moving upwards. Possibly, the price may reach 0.9697. After that, the instrument may continue falling with the target at 0.9657.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is consolidating below 110.23. We think, today the price may test this level from below and then continue falling towards 109.45. Later, in our opinion, the market may be corrected to the upside with the target at 112.18.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is still forming the third descending wave. Possibly, today the price may form another structure with the target at 0.7847. After that, the instrument may grow to reach 0.7898 and then fall towards 0.7800.
USD RUB, “US Dollar vs Russian Ruble”
Being under pressure, the USD/RUB pair is moving upwards. Taking into account that the Oil prices are rising, the pair is expected to move downwards and reach 59.49. Later, in our opinion, the market may grow to reach 60.20.
XAU USD, “Gold vs US Dollar”
Being under pressure, Gold is moving upwards. Possibly, the price may break 1270.00 and then grow towards 1284.50. After that, the instrument may be corrected with the target at 1250.00.
Being under pressure, Brent is growing. We think, today the price may break 52.75. The target is at 53.50. Later, in our opinion, the market may be corrected towards 50.70.
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.