EURUSD, “Euro vs US Dollar”
After completing the ascending structure towards 1.1148, EURUSD is consolidating. Possibly, the pair may expand this range both upwards and downwards, 1.1162 and 1.1137 respectively. If later the price breaks this range to the upside at 1.1170, the market may resume moving upwards with the target at 1.1236; if to the downside at 1.1135 – start a new decline towards 1.1100 to finish the correction and then resume growing to reach the above-mentioned target.
GBPUSD, “Great Britain Pound vs US Dollar”
After rebounding from 1.3400 GBPUSD has reached the closest correctional target at 1.3240. Today, the pair may grow to reach 1.3341 and then fall towards 1.3280, thus forming a new consolidation range. If later the price breaks this range to the downside, the market may continue the correction to reach 1.3155; if to the upside – resume moving upwards with the target at 1.3535.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating around 0.9830 without any particular direction. Possibly, today the pair may expand this range both downwards and upwards, 0.9790 and 0.9850 respectively. If later the price breaks this range to the upside, the market may resume the uptrend with the target at 0.9915.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has broken 109.44; right now, it is still growing with the target at 109.72. Today, the pair may return to 109.44 to test it from above and then start a new growth towards the above-mentioned target. After that, the instrument may form one more descending correctional to reach to 109.13.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is correcting towards 0.6856. Possibly, today the pair may reach it and then resume moving upwards with the key upside target at 0.6959.
USDRUB, “US Dollar vs Russian Ruble”
After forming the consolidation range above 62.48, USDRUB has broken it to the downside. Possibly, the pair may continue trading inside the downtrend with the short-term target at 62.02.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has completed the descending wave towards 1.3115; right now, it is moving upwards with the first target at 1.3199. Later, the market may start another decline to reach 1.3154.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating around 1476.16. The main scenario implies that the price may expand the range towards 1481.26 and then resume moving downwards with the target at 1465.05.
Brent is consolidating around 65.56. Possibly, the pair may start a new correction to reach 64.70. If later the price breaks 65.80 to the upside, the market may continue the uptrend towards 66.30 or even 67.05.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD has finished the correction at 6800.00. According to the main scenario, the price is expected to grow towards 7070.00 and then start another correction with the target at 6925.00.
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.