EURUSD, “Euro vs US Dollar”
EURUSD continues the correction in the form of Flag. Today, the pair may form the fifth wave of this pattern with the target at 1.1248 and then fall towards 1.1222, thus forming a new consolidation range. If later the price breaks the range to the downside, the instrument may resume trading downwards to reach 1.1180; if to the upside – extend the correction towards 1.1225.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading downwards; it has reached the predicted target at 1.2525 and right now is consolidating near the lows. If later the price breaks the range to the downside, the instrument may fall to reach 1.2496; if to the upside – start a new correction with the target at 1.2550.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still consolidating above 0.9960. Possibly, today the pair may test this level from above and then form one more ascending structure to break 0.9999. The short-term target is at 1.0056.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has failed to fix above 108.52; right now, it is trading downwards. Possibly, the pair may form a new descending structure to reach 108.06 and then start another growth with the target at 108.90.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still trading downwards with the short-term target at 0.6830. Possibly, the pair may reach this level and then form a new consolidation range near the lows. If later the price breaks the range to the upside, the instrument may be corrected towards 0.6920; if to the downside – resume trading inside the downtrend with the target at 0.6800.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is trading downwards. Possibly, the pair may reach 6404 and then start another correction towards 64.84. After that, the instrument may resume trading inside the downtrend to reach the target of the third descending wave at 62.77.
XAUUSD, “Gold vs US Dollar”
Gold is still consolidating around 1340.00. Today, the pair may form one more ascending structure towards 1348.75 and then resume trading downwards with the short-term target at 1323.25.
Brent is being corrected and forming Flag pattern; it has completed the descending structure at 60.99. Possibly, today the pair may grow to break 61.90 and then reach 62.90, which is the pattern’s upside border. After that, the instrument may start a new decline towards 60.60 and complete the correction. Later, the market may form one more ascending structure to break 63.25 and then continue growing with the first target at 65.65.
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.