EURUSD, “Euro vs US Dollar”
After failing to break the upside border of the consolidation range and rebounding from 1.0940, EURUSD has broken 1.0896. Possibly, today the pair may continue falling and reach 1.0857. After that, the instrument may form one more ascending structure to return to 1.0896.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has reached the short-term upside target at 1.2988; right now, it is correction towards 1.2940. The main scenario implies that the price may finish the correction and then continue moving upwards with the target at 1.3012.
USDCHF, “US Dollar vs Swiss Franc”
After expanding the range down to 0.9740, USDCHF has returned to the upside border at 0.9777. Possibly, today the pair may form a new consolidation range near the highs. After that, the instrument may break 0.9790 to the upside and continue trading upwards with the target at 0.9818.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating. Today, the pair may test 109.76 from above and then form one more ascending structure towards 110.22.
AUDUSD, “Australian Dollar vs US Dollar”
After reaching the predicted target at 0.6745, AUDUSD has returned to 0.6707. Possibly, today the pair may continue trading upwards to reach 0.6736 and then start a new descending structure with the target at 0.6680.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating below 63.27. Possibly, today the pair may grow to reach 63.80 and then start a new decline with the target at 61.85.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has completed the descending structure at 1.3235; right now. it is correcting towards 1.3280, thus forming a new consolidation range between these two levels. If later the price breaks this range to the downside, the instrument may start a new correction towards 1.3150; if to the upside – form one more ascending structure to reach 1.3348.
XAUUSD, “Gold vs US Dollar”
Gold has completed the ascending structure towards 1572.10; right now, it is consolidating around this level. If later the price breaks this range to the downside at 1569.90, the instrument may start a new decline towards 1558.44; if to the upside at 1575.15 – resume trading upwards to reach 1558.44.
Brent is moving upwards to reach 56.20. Possibly, the pair may reach this level and then start another correction towards 55.05. Later, the market may form one more ascending structure with the target at 57.12.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is still consolidating around 10300.00. According to the main scenario, the pair may expand the range up to 10900.00 and then resume falling to break 9600.00. After that, the instrument may continue the correction with the target at 8400.00.
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.