EUR USD, “Euro vs US Dollar”
The EUR/USD pair has finished two descending impulses and right now is being corrected. Possibly, the price may reach 1.1454 and then fall towards 1.1424. After that, the instrument may grow to reach 1.1460 and then start another descending wave with the target at 1.1381.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has broken its consolidation channel upwards and right now is growing with the target at 1.2935. This structure may be considered as a correctional one. Later, in our opinion, the market may start another descending wave to reach 1.2794.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is being corrected to the downside. We think, today the price may reach 0.9619 and then grow towards 0.9636. After that, the instrument may form another descending structure with the target at 0.9613 and complete the correction. Later, in our opinion, the market may continue growing towards 0.9655.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is trading to rebound from 113.32 to the downside. The target of the wave is at 112.19. Later, in our opinion, the market may be corrected to return to 113.32.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is attempting to break the top of the ascending wave. Possibly, the price may reach 0.7754. Later, in our opinion, the market may fall towards 0.7533.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is moving downwards. The first target is at 59.71. After that, the instrument may grow with the target at 60.20 and then continue falling towards 58.57.
XAU USD, “Gold vs US Dollar”
Gold is forming the fifth ascending structure with the target at 1228.77. Later, in our opinion, the market may be corrected towards 1216.77 and then move upwards to reach 1240.20.
Brent has reached the local target of the ascending structure and the correction. Possibly, today the price may grow to reach 49.90. Later, in our opinion, the market may be corrected towards 47.70 and then start another growth with the target at 50.20.
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.