EUR USD, “Euro vs US Dollar”
The EUR/USD pair has broken the Pennant pattern to the downside and may continue falling towards 1.1065. Later, in our opinion, the market may be corrected to reach 1.1178 and then continue falling inside the downtrend with the target at 1.0900.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has broken the low of its descending impulse. We think, today the price may test 1.2681 from below. After that, the instrument may fall towards 1.2567 and then start another correction to reach 1.2800.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is consolidating around 0.9744. Possibly, the price may reach 0.9790. Later, in our opinion, the market may form another consolidation range and continue growing with the target at 0.9884.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is falling. Possibly, the price may reach 110.78 and then grow towards 111.26. After breaking the low, the instrument may continue falling with the target at 109.89.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has broken the low of its descending impulse. Possibly, today the price may continue falling to reach 0.7500. Later, in our opinion, the market may be corrected towards 0.7568.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has expanded its consolidation range upwards. Possibly, today the price may form another consolidation range near the top. According to the main scenario, the instrument may fall to reach 57.56, break it, and then continue moving downwards with the target at 55.50.
XAU USD, “Gold vs US Dollar”
Gold is consolidating near the lows. If later the market breaks this range to the upside, the instrument may be corrected towards 1259.10; if to the downside – reach 1237.30. After that, the instrument may grow with the target at 1259.10.
Brent is still forming the fifth descending wave to reach 45.60. We think, today the price may test 47.00 from below and then move downwards to reach 45.60, thus completing the descending wave. After that, the instrument may start consolidating and form a reversal pattern near the low. The market is expected to start another correction 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.