EURUSD, “Euro vs US Dollar”
EURUSD is still forming the fifth descending wave with the target at 1.1055; by now, it has completed another descending impulse at 1.1080 along with the correction towards 1.1092. Possibly, today the pair may fall to reach 1.1062 and then grow to return to 1.1080. Later, the market may start a new decline with the target at 1.1055.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating above 1.3124. Today, the pair may fall to reach 1.3000 and then resume trading upwards with the target at 1.3092.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has completed the ascending wave at 0.9727 along with the correction towards 0.9673. Possibly, the pair may form one more ascending structure to reach 0.9700 and then start a new decline with the target at 0.9686. After that, the instrument may resume trading upwards to return to 0.9727.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is falling with the short-term target at 109.41. Later, the market may form one more ascending structure towards 109.80 and then resume moving downwards with the first target at 109.21.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has finished the correction towards 0.6873; right now, it is moving downwards. Possibly, the pair may reach 0.6811.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 61.90. According to the main scenario, the price is expected to resume growing and continue the correction towards 63.00. Possibly, today the pair may grow to reach 62.15 and then form a new descending structure with the target at 61.70.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has finished the ascending wave towards 1.3117; right now, it is consolidating around 1.3152. Possibly, the pair may expand the range up to 1.3170 and then down to 1.3130. If later the price breaks this range to the upside, the market may resume trading inside the uptrend to reach 1.3200; if to the downside – start a new correction with the target at 1.3030.
XAUUSD, “Gold vs US Dollar”
Gold is still correcting. Today, the pair may reach 1553.80 and then form one more ascending structure towards 1565.22. Later, the market may resume trading downwards with the target at 1551.44.
After forming a downside continuation pattern around 63.30 and breaking it to the downside, Brent is still moving downwards. Possibly, the pair may extend this decline towards the short-term target at 61.50.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is moving downwards. The main scenario implies that the pair may break 8444.00 to the downside and start a new correction towards 7700.00. The short-term target is at 8111.00.
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.