EURUSD, “Euro vs US Dollar”
After finishing the descending wave at 1.0909, EURUSD is forming a narrow consolidation range around it. Possibly, the pair may update 1.0905 and then start one more ascending structure towards 1.0922, thus forming a triangle pattern. After that, the instrument may break 1.0925 to the upside and start another correction with the target at 1.0960.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is forming a wide consolidation range around 1.2904. Today, the pair may reach 1.2883 and then start a new growth to return to 1.2904. Later, the market may resume trading downwards with the short-term target at 1.2861.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating around 0.9760. Possibly, today the pair may rebound from the upside border and start a new descending structure towards 0.9729 and then start another growth with the target at 0.9829.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is correcting towards 109.90. Possibly, the pair may reach this level and then start another decline to reach 109.70, thus forming a new consolidation range between them. If later the price breaks this range to the downside, the instrument may resume trading downwards with the target at 109.25; if to the upside – form one more ascending structure towards 110.22, at least.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed the correction towards 0.6707. Possibly, today the pair may resume trading downwards to break 0.6684 and then continue falling with the target at 0.6658.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 64.06. Possibly, the pair may expand the range up to 64.40 and then start a new decline with the target at 63.55.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is still consolidating above 1.3287; Possibly, the pair may continue trading upwards with the target at 1.3348. However, if the price breaks 1.3285 to the downside, the instrument may start a new correction to reach 1.3235 and then resume growing towards the above-mentioned target.
XAUUSD, “Gold vs US Dollar”
Gold is still consolidating around 1566.92; right now, it is moving in the center of the range. Possibly, the pair may grow to break 1574.00 and then continue trading upwards with the target at 1581.50.
After completing the descending wave towards 53.97 and forming a new consolidation range around this level, Brent has broken it to the downside to reach 52.90; right it is returning to 53.97 to test it from below. Later, the market may resume trading downwards with the target at 52.50.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD has completed the ascending structure at 10166.00, thus almost reaching the short-term upside target; right now, it is correcting 9655.00. Possibly, the pair may break this level and continue the correction towards 9200.00. Later, the market may form one more ascending structure with the target at 10250.00.
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.