EUR USD, “Euro vs US Dollar”
The EUR/USD pair is forming another descending structure. We think, today the price may grow to reach 1.1170 and then fall with the target at 1.1100. Later, in our opinion, the market may grow towards 1.1132 and then start another decline to reach the first target at 1.1065. After that, the instrument may be corrected towards 1.1178.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has returned to the center of the consolidation range and right now is forming another one, which is compact, near the lows. If later the market breaks this range to the upside, the instrument may grow towards 1.2825; if to the downside – reach 1.2680.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has rebounded from the “neckline” and right now is growing with the target at 0.9790. Possibly, the price may test 0.9738 again and then continue moving upwards to reach the above-mentioned target. And this is just a half of the wave. Later, in our opinion, the market may form another consolidation range around 0.9790, break it to the upside, and then start another growth with the local target at 0.9840.
USD JPY, “US Dollar vs Japanese Yen”
Being under pressure, the USD/JPY pair is falling. Possibly, the price may reach 109.89 and then grow towards 110.20, thus forming another consolidation range with a reversal pattern. After that, the instrument may break the range to the downside and then continue falling to reach 108.80.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is still trading near its highs. Possibly, the price may reach 0.7637. Later, in our opinion, the market may fall towards 0.7578.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has completed another consolidation range and broken it upwards. Possibly, today the price may form another consolidation range near the highs. After breaking it to the downside, the instrument may fall to reach 57.20.
XAU USD, “Gold vs US Dollar”
Gold has broken its consolidation range downwards. We think, today the price may return to 1251.38 to test it from below. After that, the instrument may fall towards 1237.31.
Being under pressure, Brent is falling. Possibly, the price may break the low of this range. The target is at 45.60. After that, the instrument may grow to reach 52.00.
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.