EURUSD, “Euro vs US Dollar”
EURUSD has broken the low of the first descending impulse. Possibly, today the price may reach 1.1733 and then grow towards 1.1774. Later, the market may fall to reach 1.1700, break it, and then continue falling inside the downtrend towards the short-term target at 1.1655.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is falling towards 1.3325. After that, the instrument may grow to reach 1.3393. Later, the market may start another decline towards 1.3260, break it, and then resume falling with the target at 1.3127.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is growing towards 0.9900. Later, the market may fall towards 0.9845 and then grow to reach the short-term target at 0.9960.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still growing and expanding its range upwards. Possibly, the price may reach 110.55. After that, the instrument may fall towards 109.22, break it, and then continue this decline with the target at 107.90.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating. Today, the price may rebound from 0.7620. The target is at 0.7582. Later, the market may break this level and continue falling inside the downtrend with the short-term target at 0.7540.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 62.00. Possibly, today the price may try to expand the range towards 63.21 and then form a new descending structure to reach 61.57. After that, the instrument may break this level and then continue trading to the downside with the short-term target at 60.00.
XAUUSD, “Gold vs US Dollar”
Gold is being corrected and forming the Flag pattern. Today, the price may fall towards 1288.00, break it, and then continue this decline to reach the short-term target at 1275.00. However, the instrument may choose an alternative scenario to return to 1304.00 once again and then resume falling to reach 1240.00.
Brent is forming a new ascending wave with the first target at 78.32. Possibly, today the price may grow to reach the above-mentioned target. Later, the market may fall to return to 75.80, thus forming another consolidation range. If later the pair breaks this range to the upside, the market may grow towards 80.50; if to the downside – continue the correction to reach 72.00.
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.