EUR USD, “Euro vs US Dollar”
The EUR/USD pair is trying to form a correction towards 1.1848. We think, today the price may fall to reach 1.1786 and then resume growing towards 1.1848. Later, in our opinion, the market may start the fifth descending wave with the target at 1.1694.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has completed the third descending wave and right now is growing towards 1.3488. After that, the instrument may fall to reach 1.3410 and then form another ascending structure with the target at 1.3497. Later, in our opinion, the market may resume falling towards 1.3270.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has formed the consolidation channel around 0.9911, broken it downwards, and reached the downside target at 0.9842. Possibly, today the price may grow towards 0.9988 and then resume falling to reach 0.9840. After that, the instrument may move upwards with the target at 0.9970.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has broken the consolidation channel downwards and reached the target of the correction at 112.60. Possibly, today the price may start another ascending wave with the target at 113.65.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has reached the upside border of the Triangle pattern and tested 0.7676 from below. We think, today the price may rebound and resume moving downwards to reach 0.7470.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is moving downwards. Possibly, the price may reach 58.68 and then grow towards the upside border of the consolidation range. After breaking 59.32, the market may continue growing with the target at 60.06.
XAU USD, “Gold vs US Dollar”
Gold has reached the target of the descending structure and right now is moving upwards. We think, the price may start another correction with the first target at 1262. Later, in our opinion, the market may move downwards to reach 1252 and then resume growing towards 1268.
Brent is moving downwards. Possibly, today the price may reach 63.00 and then fall towards 61.00. After that, the instrument may start another growth with the target at 64.00.
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.