EUR USD, “Euro vs US Dollar”
The EUR/USD pair is consolidating at its lows. Possibly, today the price may reach 1.0608 and then fall towards 1.0585. If later the pair breaks this range to the upside, the market may be corrected with the target at 1.0707; if to the downside – reach 1.0525.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has returned and tested the broken consolidation range from below. Possibly, the price may continue falling to reach the target at 1.2357. Later, in our opinion, the market may start another correction towards 1.2486.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has tested the broken consolidation range from above. Possibly, today the price may continue growing with the target at 1.0130. Later, in our opinion, the market may form another consolidation range. After breaking this range to the upside, the market may move to reach the next target at 1.0211.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is still consolidating in the center of the range; it has almost formed the Expanding Triangle pattern. Possibly, today the price may reach a new low at 110.00 and then move upwards to reach 110.80. After that, the instrument may fall with the target at 109.78.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has completed the first ascending impulse along with the correction. After breaking this impulse to the upside, the market may grow to test 0.7541 from below and then fall towards 0.7504. If later the price breaks its consolidation range to the upside, the instrument may be corrected to reach 0.7600; if to the downside – fall with the target at 0.7460.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has completed the ascending wave. Possibly, today the price may fall to reach 56.25. according to the main scenario, the instrument is expected to continue forming the wave with the target at 55.50.
XAU USD, “Gold vs US Dollar”
Being under pressure, Gold is moving upwards. Possibly, the price may be corrected towards 1261. Later, in our opinion, the market may start falling to break its lows. The local target is at 1239.
Brent has completed another ascending structure to break the top. Possibly, today the price may form another consolidation range around 56.15. After breaking this range to the upside, the market is expected to resume its growth towards 57.70.
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.