EURUSD, “Euro vs US Dollar”
EURUSD has reached 1.1194 and completed the first descending wave inside the fifth one. Today, the pair may fall to update the current lows and then form one more ascending structure to test 1.1226 from below.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has tested 1.3021 from below and rebounded from it; right now, it is still trading downwards with the target at 1.2911. After that, the instrument may start a new correction to return to 1.3021 and then resume trading inside the downtrend with the short-term target at 1.2844.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has broken 1.0164 and may continue trading inside the uptrend with the target at 1.0250. Later, the market may start another correction to reach 1.0188 and then form one more ascending structure towards 1.0293.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has reached 111.90, thus forming a new consolidation range. If later the price breaks range to the downside, the instrument may resume trading inside the downtrend towards 111.23; if to the upside – start a new growth with the target at 112.60.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed another wave at 0.7070; right now, it is still trading downwards. Possibly, the pair may continue falling with the short-term target at 0.6987. The key target of this wave is at 0.6940.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 63.72. If later the price breaks range to the downside, the instrument may fall to reach 63.40; if to the upside – start a new correction with the target at 64.06 and then form a new descending structure towards 62.77.
XAUUSD, “Gold vs US Dollar”
Gold has reached another downside target. Possibly, today the pair may form a new consolidation range above 1267.83. If later the price breaks range to the downside, the instrument may form a new descending structure with the short-term target at 1260.00; if to the upside – start another correction towards 1275.50.
Brent is still consolidating around 74.00. If later the price breaks range to the downside, the instrument may be corrected to reach 73.00 and then continue trading inside the uptrend with the target at 76.50; if to the upside – grow towards 75.05.
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.