EUR USD, “Euro vs US Dollar”
The EUR/USD pair is growing; it has expanded its consolidation range upwards. Possibly, the price may fall towards 1.2272 and then move upwards to reach 1.2350. Later, in our opinion, the market may fall towards the downside border of the channel at 1.2160. An alternative scenario suggests that the instrument may break the range to the upside and then continue moving upwards to reach 1.2400.
GBP/USD GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is moving upwards. We think, today the price may fall to reach 1.3873 and then start another growth towards 1.3960. After that, the instrument may fall with the target at 1.3677.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has completed the correction. Possibly, today the price may form the second ascending impulse with the target at 0.9645. Later, in our opinion, the market may break this level and continue growing towards 0.9750. An alternative scenario suggests that the instrument may extend the wave to reach 0.9529 and then grow towards 0.9650.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has broken 110.56 and expanded the range downwards. We think, today the price may form another ascending structure. After that, the instrument may continue falling towards 109.40.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is consolidating at the top of the ascending wave. Possibly, the price may forming another descending structure to reach 0.7982 and then grow towards 0.7992. If later the instrument breaks this range to the downside, the market may reach 0.7810; if to the upside – extend this wave towards 0.8050.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading to break 56.38 downwards. Possibly, the price may continue falling towards 55.88. Later, in our opinion, the market may start another correction to reach 57.81.
XAU USD, “Gold vs US Dollar”
Gold is moving upwards. Possibly, the price may extend this structure towards 1350.00 and then fall to reach 1340.00. After that, the instrument may return to 1350.00, break it, and then continue growing with the target at 1375.00.
Brent has reached 70.20. Possibly, today the price may fall towards 69.35 and then grow to reach 70.30. After that, the instrument may break this level and then continue moving upwards with the target at 71.30.
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.