EURUSD, “Euro vs US Dollar”
After finishing the descending wave at 1.1080, EURUSD is correcting towards 1.1103. Possibly, today the pair may reach this level and then fall towards 1.1090, thus forming a new consolidation range. If later the price breaks this range to the upside, the instrument may form one more ascending structure towards 1.1137; if to the downside – start a new decline with the target at 1.1055.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is correcting towards 1.3033. Later, the market may resume trading inside the downtrend with the short-term target at 1.2901.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is correcting towards 0.9669. After that, the instrument may start another growth to reach 0.9690 and then form a new descending structure with the target at 0.9660. Later, the market may resume trading upwards to reach 0.9707.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is forming the first descending impulse towards 109.77. After completing it, the price may grow to reach 110.00, thus forming a new consolidation range. If later the price breaks this range to the downside, the instrument may resume falling towards 109.44; if to the upside – form one more ascending structure with the target at 110.53.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is falling towards 0.6832. After that, the instrument may resume moving upwards to reach 0.6888 and then start another decline with the target at 0.6804.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB continues consolidating around 61.50 without any particular direction. Possibly, the pair may break it upwards to reach 61.90. Later, the market may resume trading inside the downtrend with the target at 60.80.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is consolidating around 1.3052. Possibly, the pair may form one more ascending structure towards 1.3074 and then resume falling to return to 1.3052. After that, the instrument may start a new growth with the target at 1.3111.
XAUUSD, “Gold vs US Dollar”
Gold has reached 1568.12. Today, the pair may fall towards 1557.40 and then start another growth with the target at 1563.80. Later, the market may form a new descending structure to reach 1547.55.
Brent is moving downwards; it may reach 64.80. Later, the market may start another growth to break 65.30 and then continue trading inside the uptrend with the short-term target at 66.12.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is still consolidating above 8450.00. The main scenario implies that the pair may continue growing towards 9240.00 and then start a new decline with the target at 7700.00.
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.