EUR USD, “Euro vs US Dollar”
The EUR/USD pair is forming the first descending wave. We think, today the price may form the fifth structure of this wave with the target at 1.1900. Later, in our opinion, the market may grow to reach 1.2000.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is forming another descending wave. Possibly, today the price may reach 1.3421 and then grow towards 1.3494. After that, the instrument may fall with the target at 1.3380.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has completed the ascending wave along with the correction. We think, today the price may form another ascending structure towards the local target at 0.9888.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has broken the consolidation range downwards. Possibly, today the price may trade upwards to reach 112.05 and then resume moving to the downside with the local target at 110.93.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is still consolidating at the top of the ascending structure. We think, today the price may fall to break 0.7815. The target of the correction is at 0.7666.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating near the lows of the descending wave. If later the instrument breaks this range to the downside, the market may reach 56.55; if to the upside – start another correction towards 57.35.
XAU USD, “Gold vs US Dollar”
Gold has expanded the range upwards, but is still consolidating. Possibly, today the price may expand the range downwards and reach 1305. Later, in our opinion, the market may grow towards 1316 and then reverse to break the downside border in order to continue falling with the target at 1294.
Brent continues trading above 68.85. Possibly, the price may continue growing to reach 69.95 and then start another correction towards 68.80. After that, the instrument may continue growing inside the uptrend with the target at 71.00.
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.