EURUSD, “Euro vs US Dollar”
EURUSD has finished the second descending impulse; right now, it is being corrected with the target at 1.1325. Later, the market may resume falling towards 1.1282 and then grow to return to 1.1325, thus forming the first descending wave along with the correction. If later the price breaks the range to the upside, the instrument may start a new growth towards 1.1355; if to the downside – resume trading inside the downtrend with the target at 1.1212.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed the second descending impulse, twice as long as the first one, along with the correction to 1.2702; right now, it is trading to rebound from this level. Possibly, the pair may form the third impulse to reach 1.2644 and then start a new correction with the target at 1.2702.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still consolidating without any particular direction. Today, the pair may form one more ascending structure to reach 0.9957 and then start another decline towards 0.9907. If later the price breaks the range to the upside, the instrument may resume trading inside the uptrend with the target at 1.0064.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating. Today, the pair may break the range upwards and grow with the short-term target at 109.18. After that, the instrument may start another correction to reach 108.54.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has formed the consolidation range around 0.6962. Possibly, today the pair may continue trading inside the downtrend with the target at 0.6905.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is forming the second descending impulse with the target at 64.46. Possibly, the pair may extend it up to 64.84. Later, the market may form a new descending structure with the short-term target at 64.46.
XAUUSD, “Gold vs US Dollar”
Gold is still consolidating around 1326.75 without any particular direction. If later the price breaks the range to the downside, the instrument may continue trading inside the downtrend with the target at 1309.00; if to the upside – start a new correction to reach 1333.00 and then resume falling towards the above-mentioned target.
Brent has finished the consolidation range above 63.58 and broken it downwards, thus correcting the second ascending impulse. Possibly, today the pair may the third ascending impulse towards 64.60 and then form a new descending structure to return to 63.58. Later, the market may start another growth with the short-term target at 65.65.
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.