EUR USD, “Euro vs US Dollar”
The EUR/USD pair has extended the wave and right now is forming a new descending impulse. Possibly, today the price may start a new consolidation range at the top. Later, in our opinion, the market may break 1.2400 and then move downwards to reach 1.2323.
GBP/USD GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has completed the fifth structure to extend the wave and right now is forming a new descending impulse. We think, today the price may continue falling to return to 1.3800.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has extended the fifth descending wave and right now is forming a new ascending impulse. Possibly, the price may start another ascending impulse with the target at 0.9616.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has reached the target of the descending wave and right now is moving upwards with the first target at 111.44.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has extended the ascending wave. We think, today the price may start another correction with the first target at 0.7981.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading towards the local target at 55.88 downwards. After that, the instrument may consolidate to start a new correction to reach 57.51. Later, in our opinion, the market may resume falling towards 54.88.
XAU USD, “Gold vs US Dollar”
Gold has expanded the range upwards. Possibly, today the price may fall to reach 1345.00. After that, the instrument may resume growing with the target at 1387.00.
Brent has finished another ascending structure. Possibly, today the price may start another correction to reach 70.20 and then continue moving upwards with the target at 72.00.
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.