EURUSD, “Euro vs US Dollar”
The pair has broken out the lowe4r border of the Triangle and reached the goal of the declining wave, covering 1.0785. The market also demonstrated a technical reversal and tested 1.0785 from below. Now the market is trading in the consolidation area under 1.0800. With a breakout of 1.0788 downwards, the quotations might decline to 1.0775. With a breakout of 1.0803 upwards, the quotations might rise to 1.0814.
GBPUSD, “Great Britain Pound vs US Dollar”
The currency pair has performed a correction to 1.3030. The market is currently trading in yet another wave of decline to 1.2947. Upon reaching this level, a consolidation area might develop. When the pair escapes it downwards, it might reach 1.2868. The goal is local.
USDCHF, “US Dollar vs Swiss Franc”
The pair has reached the local goal of another structure of growth – 0.9836. Today, the market is trading in the consolidation area around the level 0.9829. The growth might continue to 0.9844. Then, we expect a correction to 0.9800 and then – growth to 0.9888.
USDJPY, “US Dollar vs Japanese Yen”
The pair has broken the consolidation area upwards and grown to 110.10. Today, we may see a technical test of 109.95 from above. Then the pair may grow to 110.15. With a breakout of this level upwards, the pair might grow to 110.30.
AUDUSD, “Australian Dollar vs US Dollar”
The currency pair has performed a correction to 0.6700. Today, it might decline to 0.6682. With a breakout of this level downwards, the quotations may further decline to 0.6665.
USDRUB, “US Dollar vs Russian Ruble”
The currency pair has formed a consolidation area in the shape of a Triangle. With a breakout of 64.00 upwards, a measured movement to 64.50 is not excluded. With a breakout of 63.35 downwards, the trend might continue to 62.70.
USDCAD, “US Dollar vs Canadian Dollar”
The currency pair has performed a correction to 1.3275. The market is now trading under pressure for a decline to 1.3232. With a breakout of this level downwards, the quotations might decline to 1.3180. The goal is local.
XAUUSD, “Gold vs US Dollar”
Gold traded successfully in the consolidation area 1587.10. If it escapes it upwards, the trend might continue to 1660.00. Today, the market is trading in another consolidation area around 1597.85. With an escape upwards, it may reach 1611.90. With an escape downwards, it might return to 1574.90.
Oil has broken 57.53 upwards and performed a way of growth to 58.28. Today, it might decline to 57.53. Then, it may grow to 59.42.
BTCUSD, “Bitcoin vs US Dollar”
The market keeps developing a correction. Today, it might grow to 10260 and then – decline to 9850. Around this levels, a consolidation area may form. With an escape downwards, the quotations may decline to 9550. And with a breakout of this level downwards, the cryptocurrency might decline to 8900. The goal is local.
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.