EURUSD, “Euro vs US Dollar”
EURUSD is forming the first descending impulse. Possibly, today the pair may reach 1.1122 and then grow to return to 1.1155, thus forming a new consolidation range between these two levels. If later the price breaks this range to the downside, the instrument may resume trading inside the downtrend with the target at 1.1077.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating above 1.2953. Possibly, the pair may expand the range towards 1,3025 and then fall to reach 1.2915 to form a reversal pattern between these two levels. Later, the market may resume moving inside the downtrend with the target at 1.2770.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is forming the second ascending impulse towards 0.9880. After that, the instrument may fall to reach 0.9860 and then start a new growth with the target at 0.9900.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating around 108.55 without any particular direction. According to the main scenario, the price is expected to continue falling towards 108.21 and then resume moving upwards with the target at 108.55.
AUDUSD, “Australian Dollar vs US Dollar”
After extending the wave towards 0.6880, AUDUSD has formed the consolidation range above 0.6860. the main scenario implies that the price may continue falling with the first target at 0.6830.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has reached 63.63. Today, the pair may start a new growth to reach 64.04. Later, the market may continue trading inside the downtrend with the target at 63.33.
USDCAD, “US Dollar vs Canadian Dollar”
After forming the consolidation range around 1,3131, USDCAD has broken it to the downside. Possibly, the pair may fall to reach 1.3057 and then form one more ascending structure with the target at 1.3200.
XAUUSD, “Gold vs US Dollar”
Gold has reached 1483.70; right now. it is consolidating. Possibly, the pair may continue trading inside the downtrend with the predicted target at 1472.44.
Brent is moving upwards to reach 59.40. Later, the market may start another correction towards 58.85 and then resume trading upwards with the first target at 60.50.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is forming the descending structure with the target at 8085.00 After that, the instrument may resume growing towards 8400.00 and then start a new correction to return to 8085.00.
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.