EURUSD, “Euro vs US Dollar”
After failing to continue the correction and updating the low instead, EURUSD is still trading downwards; it has completed another structure towards 1.1377 and almost formed a new consolidation range around 1.1400. Possibly, the pair may grow to test 1.1400 from below. If the instrument breaks this range to the downside, the price may extend the wave to reach 1.1345; if to the upside – start a new correction with the target at 1.1462.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating around 1.2868. Possibly, the pair may expand the range to reach 1.2910. If the instrument breaks this range to the upside, the price may continue trading upwards with the target at 1.2960; if to the downside – resume trading inside the downtrend towards 1.2600.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has formed another consolidation rang around 0.9898 and broken it upwards. Possibly, today the pair may extend the wave towards 0.9935. After that, the instrument may form a new descending structure to return o 0.9868 and then continue trading inside the uptrend with the first target at 1.0022.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has broken its consolidation range to the upside. Today, the pair may grow to reach 109.32. Later, the market may start a new decline to break 107.50 and then continue trading inside the downtrend with the short-term target at 105.95.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still falling with the target at 0.7129. Possibly, today the pair may reach this level and then form one more ascending structure towards 0.7185. After that, the instrument may resume falling to reach 0.7020.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has broken the consolidation range to downwards and almost reached the downside target at 66.50. Today, the pair may form one more ascending structure to test 66.85 from below. If the instrument grows and breaks 67.20 to the upside, the price may start a new correction with the target at 68.15; if falls and breaks the lows – resume trading inside the downtrend towards 64.90.
XAUUSD, “Gold vs US Dollar”
Gold is still consolidating at the top around 1288.50; right now, it is trading upwards to reach the upside border. Possibly, the pair may reach 1297.60 and then resume falling to return to 1288.50. Later, the market may form one more ascending structure with the target at 1300.30.
Brent is trading upwards. Possibly, the pair may reach 61.50 and then start a quick correction towards 58.10. Later, the market may form one more ascending structure with the target at 63.85. However, the price ay start this growth without forming any corrections. After reaching 63.85, the instrument may form a new reversal pattern. If the pair breaks the ascending channel, it may be corrected with the target at 58.00.
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.