EUR USD, “Euro vs US Dollar”
The EUR/USD pair has completed the entire descending wave along with the correction. Possibly, today the price may fall to break 1.0580. the local target of this descending structure is at 1.0493.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is moving upwards and forming another ascending structure to reach 1.2162. After that, the instrument may start a new decline with the target at 1.1970.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has finished the ascending impulse and the correction. Possibly, today the price may break 1.0142. the local target of the wave is at 1.0220.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has reached the local target of the descending structure. Possibly, today the price may form the fourth wave to return to 115.45. Later, in our opinion, the market may move downwards with the target at 112.31.
AUD USD, “Australian Dollar vs US Dollar”
Being under pressure, the AUD/USD pair is moving upwards. Possibly, today the price may reach 0.7540. After that, the instrument may continue falling towards 0.7330.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is expected to continue growing towards 60.30. Later, in our opinion, the market may form another descending structure with the target at 58.77.
XAU USD, “Gold vs US Dollar”
Being under pressure, Gold is still growing and extending the correctional wave. Possibly, the price may test 1215 from above. Later, in our opinion, the market may form the fifth wave to reach the local target at 1100.
Brent is moving inside a narrow consolidation range. Possibly, today the price may fall to reach 54.71. Later, in our opinion, the market may consolidate and fall towards 53.05, thus completing the flag pattern. After that, the instrument may start growing to reach 59.90.
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.