EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached the local target and right now is consolidating. Possibly, the price may break this range downwards and start another correction to reach 1.1798. Later, in our opinion, the market may grow with the target at 1.1884 and complete this ascending wave. After that, the instrument may continue falling inside the downtrend towards 1.1400.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has formed another consolidation range and right now is trading to break it downwards. We think, today the price may start a new decline towards 1.3198. After that, the instrument may resume moving to the upside with the target at 1.3355.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is consolidating near the lows. Possibly, today the price may break this range upwards to reach 0.9873 and then form another ascending structure towards 0.9777. Later, in our opinion, the market may continue growing with the target at 1.0100.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has formed another consolidation channel near the lows and right now is trading to expand it towards 112.00. After that, the instrument may fall to reach 111.50. If later the market breaks 112.00 to the upside, the instrument may grow towards 113.60; if 111.50 to the downside – fall to reach 111.00 and then grow with the target at 113.60.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is forming the second ascending impulse and has already formed another consolidation range. We think, the price may break it upwards to reach 0.7676 and then fall towards 0.7620 (at least). Later, in our opinion, the market may start another growth with the target at 0.7770.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating below 58.48. If later the instrument breaks this range to the downside, the market may continue falling inside the downtrend towards 56.55; if to the upside – grow to reach the target at 59.50
XAU USD, “Gold vs US Dollar”
Gold is consolidating. If later the instrument breaks this range to the upside, the market may continue this wave towards 1311; if to the downside – fall to reach 1271.
Brent is consolidating around 63.15. Possibly, the price may break this level and continue growing towards the local predicted target at 64.85.
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.