EUR USD, “Euro vs US Dollar”
The EUR/USD pair has broken its consolidation range to the upside. The market is expected to form another ascending structure, the fifth one, towards 1.0832. Possibly, today the price may return to 1.0707 and ten continue growing with the target at 1.0788.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is growing towards 1.2533. At the moment, the price is testing 1.2395 from above. Later, in our opinion, the market may move upwards to reach 1.2530.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is forming the fifth descending wave with the target at 0.9920. Possibly, today the price may return to 1.0020 and then fall towards 0.9950.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is forming the fifth descending structure with the target at 112.00. Possibly, today the price may test 113.78 from below. After that, the instrument may fall towards 112.25.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is consolidating at the top. Possibly, the price may break this consolidation range to the upside and extend this wave towards 0.7635. Later, in our opinion, the market may continue falling inside the downtrend to reach 0.7400.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is still consolidating. Possibly, today the price may grow towards 60.48 and then fall to reach 58.40. If later the market breaks this consolidation range to the downside, the instrument may reach 58.00; if to the upside – grow with the target at 62.00.
XAU USD, “Gold vs US Dollar”
Gold is consolidating at the top. Possibly, today the price may grow towards 1235. After that, the instrument may return to 1217 and then continue moving upwards with the target at 1243.
Brent is consolidating in the center of the range. Possibly, the price may fall towards 55.14 and then move upwards to reach 56.34. Later, in our opinion, the market may start falling with the target at 53.80.
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.