EUR USD, “Euro vs US Dollar”
After opening today’s trading session with a gap up, the EUR/USD pair continues moving upwards; it looks like the pair has already completed the first wave. Possibly, the price may be corrected towards 1.1242. Later, in our opinion, the market may fall to break the low of the first wave and form a continuation pattern. After that, the instrument may move with the target at 1.1100.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has completed the ascending impulse and right now is consolidating. Possibly, the price may break this consolidation range to upside and continue the current correction towards 1.2900. Later, the market may move downwards to reach 1.2630.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has completed the first ascending impulse. We think, today the price may be corrected towards 0.9660. After that, the instrument may form the third ascending structure with the target at 0.9800.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is falling. Possibly, the price may form the descending structure to reach the local target at 108.70. Later, in our opinion, the market may be corrected towards 110.42.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has broken its ascending channel, and right now is consolidating and forming the first descending impulse. The main scenario implies that the price may fall to reach 0.7506. After that, the instrument may grow towards 0.7540.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating below 57.00. If the price breaks it to the upside, it may grow and extend the current correction towards 57.88 (an alternative scenario). The main scenario implies that the instrument may fall towards 55.50.
XAU USD, “Gold vs US Dollar”
Gold has returned to 1267 and right now is consolidating. If later the market breaks this consolidation range to the upside, the instrument may move upwards to reach 1291; if to the downside – start another decline with the target at 1255.
Brent is still falling and forming another consolidation range. If later the market breaks this consolidation range to the upside, the instrument may grow and reach 50.25; if to the downside – continue falling with the target at 46.40.
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.