EUR USD, “Euro vs US Dollar”
The EUR/USD pair has completed the ascending correction and right now is forming another impulse to the downside, which may be considered as the start of a new descending wave. The first target is at 1.1727. Later, in our opinion, the market may start another correction towards 1.1790 and then resume falling inside the downtrend.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has finished the ascending structure. Possibly, the price may break 1.3130 and continue falling inside the downtrend. The next target is at 1.3000.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has completed the correctional wave. We think, today the price may grow to reach 0.9991 and then fall towards 0.9925. Later, in our opinion, the market may resume growing inside the uptrend with the target at 1.0100.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has reached the correctional target. Possibly, today the price may start forming another ascending wave. The first target is at 114.00. After that, the instrument may start another correction towards 113.50 and then resume moving upwards to reach 115.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is consolidating near the lows. Possibly, the price may break this range upwards. The first target is at 0.7694. Later, in our opinion, the market may fall towards 0.7632 and then resume growing to reach 0.7840.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has reached the local target of its ascending structure. We think, today the price may form another descending wave with the first target at 59.90. The main target of the fourth wave is at 58.50.
XAU USD, “Gold vs US Dollar”
Gold is moving downwards. Possibly, the price may reach 1269. After breaking this level to the downside, the instrument will continue falling towards 1250.
Brent is consolidating near the lows. After breaking this range upwards, the market is expected to resume growing inside the uptrend and reach the first target at 63.50. Later, in our opinion, the market may form another descending structure towards 62.30 and then continue moving to the upside with the target at 65.85.
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.