EURUSD, “Euro vs US Dollar”
After reaching its upside target, EURUSD has formed the first descending impulse; right now, it is being corrected. Possibly, the pair may reach 1.1350 and then resume falling towards 1.1313. Later, the market may continue trading inside the downtrend with the target at 1.1295.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has broken the ascending channel and may form a new descending structure towards 1.2914. Today, the pair may start a new growth to reach 1.3061 and then start a new decline with the first target at 1.3011.
USDCHF, “US Dollar vs Swiss Franc”
After reaching its downside target and finishing the first ascending impulse, USDCHF has completed the correction; right now, it is forming one more ascending structure to break the high of the previous impulse. The short-term target is 1.0025. After that, the instrument may resume falling towards 1.0009 and then start a new growth with the first target at 1.0036.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is forming another descending structure with the target at 110.53. Later, the market may resume trading upwards to reach 110.73 and then start a new decline to return to 110.53. After that, the instrument may continue moving downwards with the target at 110.27.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed the five-wave correctional structure; right now, it is forming the first descending impulse towards 0.7114. After that, the instrument may move upwards with the target at 0.7161 and then resume trading inside the downtrend to reach 0.7030.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still forming the third descending wave. Possibly, today the pair may reach 65.38 and then start a new consolidation range. If later the instrument breaks this range to the downside, the price may resume trading inside the downtrend with the short-term target at 62.90.
XAUUSD, “Gold vs US Dollar”
Gold is forming the first descending impulse towards 1335.25. Later, the market may form one more ascending structure to reach 1340.50 and then resume trading upwards with the first target at 1324.24.
Brent has broken 66.66 to the upside and completed one more ascending impulse. Today, the pair may continue growing with the target at 68.45. After that, the instrument may fall to return to 66.66 and then start a new growth towards 69.85.
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.