EUR USD, “Euro vs US Dollar”
The EUR/USD pair is consolidating at the top. According to the main scenario, the price is expected to fall with the target at 1.2187. Later, in our opinion, the market may break this level and then continue moving downwards to reach 1.2050.
GBP/USD GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has expanded its consolidation range upwards. We think, today the price may form one more descending structure to reach 1.3838 and then start another growth towards 1.3918. After that, the instrument may fall with the first target at 1.3660.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is still being corrected. Possibly, today the price may complete this correction at 0.9588. Later, in our opinion, the market may continue growing with the local target at 0.9700.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is consolidating above 110.72. We think, today the price may break the range upwards to reach 111.72. After that, the instrument may continue falling towards 110.97.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is forming the second descending impulse. The first target is at 0.7897.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading without any particular direction. According to the main scenario, the price may fall towards the local target at 55.88. Later, in our opinion, the market may start another correction to reach 57.61.
XAU USD, “Gold vs US Dollar”
Gold is consolidating at the top of the ascending wave. Possibly, the price may grow to reach 1340.00 and then fall towards 1326.00 to break it. After that, the instrument may continue falling with the first target at 1308.00.
Brent is trading upwards. Possibly, the price may reach 70.20. After that, the instrument may break this level and then continue moving upwards with the target at 72.00.
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.