EUR USD, “Euro vs US Dollar”
The EUR/USD pair has completed one ascending structure. Possibly, today the price may be corrected to reach 1.0580, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may continue growing with the target at 1.0707; if to the downside – continue falling to reach 1.0507.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has completed the correction towards 1.2486. Possibly, today the price may fall to reach 1.2410.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has completed the ascending impulse. Possibly, today the price may break the high and continue growing with the target at 1.0110. Later, in our opinion, the market may form another consolidation range as a continuation pattern. The target is at 1.0200. An alternative scenario implies that the instrument may be corrected towards 1.0000.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has expanded its consolidation range to the downside. Possibly, today the price may return to 110.80 to test it from below and complete a downside continuation pattern. The local target is at 106.11.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is consolidating. If later the price breaks its consolidation range to the upside, the instrument may be corrected to reach 0.7580; if to the downside – fall inside the downtrend with the target at 0.7300.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has completed the descending impulse and the correction. Possibly, today the price may continue falling to break 56.00. The target is at 55.50.
XAU USD, “Gold vs US Dollar”
Gold is forming another descending impulse. Possibly, the price may reach 1257 and then start another correction towards 1268. Later, in our opinion, the market may fall to reach 1239.
Brent has broken 56.30 to the upside. Possibly, today the price may continue growing to reach 57.00 and then test 56.30 from above. After that, the instrument may grow towards the local target at 59.90.
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.