EUR USD, “Euro vs US Dollar”
In response to the presidential elections results in France, the EUR/USD pair has skyrocketed; in fact, it has formed the Double Top pattern and right now is forming the descending impulse. We think, today the price may rebound from 1.0867 and then fall towards 1.0785. The market is expected to form a new wave with the first target at 1.0737.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still consolidating. Possibly, the price may continue falling to reach 1.2727 and then start another growth to return to 1.2814.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has reached a new low and right now is forming a strong ascending impulse. Possibly, the price may continue growing inside the uptrend towards 1.0000. After breaking it, the market may grow to reach 1.0100.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has broken its consolidation range to the upside and already completed the descending impulse. Possibly, the price may form the first wave with the target at 108.00. Later, in our opinion, the market may form a continuation pattern and fall towards 106.50.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has broken its consolidation range to the upside and right now is forming the descending impulse. Possibly, the price may form the descending wave to break 0.7500. The first target is at 0.7420.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair reached the upside border of its consolidation range. Possibly, the price may expand it towards 56.77. After that, the instrument may fall to reach 55.50.
XAU USD, “Gold vs US Dollar”
The market has been opened with a gap down, so Gold completed the descending wave. Possibly, today the price may grow to return to 1281, thus forming a new consolidation range. If later the market breaks this range to the upside, the instrument may grow towards 1312; if to the downside – continue the correction with the target at 1255.
Being under pressure, Brent is moving upwards. Possibly, the price may reach 54.30. Later, in our opinion, the market may form another consolidation range. After breaking it to the upside, the instrument is expected to grow with the target at 57.50.
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.