EUR USD, “Euro vs US Dollar”
The EUR/USD pair has expanded the consolidation range and returned to 1.1777. We think, today the price may continue falling to reach the local target at 1.1676.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has reached the target of the descending structure. Possibly, today the price may grow towards 1.3250 and then fall to reach 1.3131. Later, in our opinion, the market may break this level to the downside and continue falling inside the downtrend with the target at 1.2964.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has reached the target of the ascending impulse. We think, today the price may be corrected towards 0.9750. After that, the instrument may continue growing with the local target at 0.9840.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has returned to 112.40. Possibly, today the price may form the fifth descending structure with the target at 111.37. Later, in our opinion, the market may be corrected in the form of the Flag pattern to return to 112.40.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has reached the target of the descending structure and right now is trading to return to 0.7860. The market has defined the border of another consolidation range. If later the instrument breaks this range to the upside, the market may grow and reach 0.7924; if to the downside – resume falling inside the downtrend towards 0.7680.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading to return to 57.54. After that, the instrument may fall towards the local target at 56.65. Later, in our opinion, the market may be corrected towards 57.57 and then move downwards with the target at 56.55.
XAU USD, “Gold vs US Dollar”
Gold is consolidating. We think, today the price may rebound from 1289 downwards and reach 1272. After that, the instrument may grow with the target at 1289.
Brent is still consolidating. Possibly, the price may form another descending correctional structure to expand the range towards 56.81. If the instrument breaks the range to the upside, it may resume growing with the local target at 58.90.
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.