EUR USD, “Euro vs US Dollar”
The EUR/USD pair has broken its consolidation range upwards and may choose an alternative scenario and start another correction to reach 1.1700. Later, in our opinion, the market may form another ascending structure towards 1.1828 to finish the correction and then continue falling inside the downtrend with the target at 1.1530.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is consolidating and forming a new ascending structure towards 1.3197. After that, the instrument may continue falling inside the downtrend with the local target at 1.2929.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has returned to the center of the third ascending structure and finished the correction. According to the main scenario, the instrument is expected to resume growing inside the uptrend to reach 0.9991.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has reached the correctional target. We think, today the price may consolidate near the lows. After breaking the correctional channel, the market may start forming the fifth ascending wave to reach 115.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has reached the predicted target of the descending wave. Possibly, today the price may consolidate near the current lows. After breaking the descending channel, the market may start forming the fourth wave to reach 0.7840.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is still moving upwards with the target at 60.20. Later, in our opinion, the market may fall towards 58.60 and then start forming the fifth ascending structure to reach 60.47.
XAU USD, “Gold vs US Dollar”
Gold is consolidating around 1277. If later the instrument breaks this range to the upside, the market may extend this correction towards 1311; if to the downside – continue falling to reach 1250.
Brent has broken its consolidation range downwards and reached the first downside target. Possibly, today the price may grow to test 63.00 from below and then form another descending structure towards 61.00 to complete the correction. After that, the instrument may start another wave to the upside with the target at 65.75.
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.