EURUSD, “Euro vs US Dollar”
EURUSD is still being corrected; it has formed a continuation pattern around 1.1240. Possibly, today the pair may break it upwards and continue growing to reach 1.1301. Later, the market may continue trading inside the downtrend with the target at 1.1100.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has formed a correctional continuation pattern around 1.3116; it has reached the target of the first structure. Today, the pair may start a new decline with the target at 1.3096.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has completed another ascending structure; right now, it is being corrected. The target is at 1.0086. Later, the market may resume moving upwards to reach 1.0140.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is being corrected towards 111.40. Today, the pair may reach this level and then resume trading inside the downtrend with the first target at 110.57.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is being corrected with the target at 0.7083. After that, the instrument may start a new decline with the short-term target at 0.6967.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has completed the descending impulse; right now, it is consolidating near the lows. Possibly, today the pair may break the range downwards and reach 65.87. However, if the instrument breaks the range to the upside, the market may resume trading inside the downtrend with the target at 65.55.
XAUUSD, “Gold vs US Dollar”
Gold is being corrected towards 1305.11. Later, the market may form one more descending structure with the first target at 1276.81.
Brent has formed the consolidation range around 66.34; right now, it is trading upwards. Possibly, the pair may break 66.85 and then continue growing to reach the key upside target at 68.40.
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.