EURUSD, “Euro vs US Dollar”
EURUSD is consolidating. Possibly, the pair may reach 1.1250 and then fall towards 1.1220. Later, the market may break this range to the downside and continue trading inside the downtrend with the short-term target at 1.1100.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has almost reached the predicted downside target; it may yet continue falling towards 1.2922. Today, the pair may reach the target and then start a new consolidation range near the lows. After that, the instrument may form a new ascending structure towards 1.3015.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF continues growing. Possibly, today the pair may reach 1.0111 and then form one more descending structure towards 1.0080. Later, the market may resume moving upwards with the short-term target at 1.0160.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating above 110.97. If later the price breaks range to the upside, the instrument may be corrected to reach 111.36; if to the downside – resume trading inside the downtrend with the target at 110.57.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating around 0.7061 and forming a downside continuation pattern. The short-term target is at 0.6926.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has completed the ascending structure at 66.12. Today, the pair may start a new decline towards 65.87 and then form a new ascending structure to complete the correction at 66.20. After that, the instrument may resume trading inside the downtrend with the target at 64.90.
XAUUSD, “Gold vs US Dollar”
Gold has broken the consolidation range upwards. Possibly, the pair may be corrected towards 1305.11 and then form one more descending structure with the target at 1276.80.
Brent has completed the Flag correctional pattern at 63.95; right now, it is moving upwards to reach 66.21. Later, the market may form one more descending structure towards 65.03, thus forming a new consolidation range. If later the price breaks range to the upside, the instrument may continue growing to reach 68.40; if to the downside – continue the correction with the target at 63.00.
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.