EUR USD, “Euro vs US Dollar”
The EUR/USD pair is consolidating at the top of the ascending wave. Possibly, the price may break the high and reach 1.0780. After that, the instrument may expand the range towards 1.0650 and then form another ascending structure with the target at 1.0830.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has expanded its consolidation range. Possibly, today the price may fall towards 1.2415. After that, the instrument may form another ascending structure to reach 1.2820.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is consolidating; it hasn’t reached the downside target at 0.9940 yet. Possibly, today the price may grow towards 1.0045 and then fall to reach 0.9940. Later, in our opinion, the market may move upwards with the target at 1.0020 and then continue falling towards 0.9920.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is consolidating. Possibly, the price may be corrected with the target at 114.50 and then fall to reach 112.25. After that, the instrument may grow towards 113.95 and then continue falling to reach 112.00.
AUD USD, “Australian Dollar vs US Dollar”
Being under pressure, the AUD/USD pair is moving downwards. The price is expected to reach 0.7500. Possibly, today the price may fall towards 0.7510 and then grow with the target at 0.7555. Later, in our opinion, the market may continue falling to reach 0.7500.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is still moving in the center of the consolidation range; in fact, the market is forming the expanding triangle pattern. Possibly, today the price may reach 58.60 and then move upwards with the target at 59.40. After that, the instrument may fall towards 58.40 and then start another growth to reach 60.40.
XAU USD, “Gold vs US Dollar”
Being under pressure, Gold is moving downwards. Possibly, the price may reach 1191.20. After that, the instrument may continue moving upwards with the target at 1206.00.
Brent is still consolidating in the center of the range. Possibly, today the price may grow towards 56.32 and then move downwards to reach 53.80. Later, in our opinion, the market may return to 55.00 and then continue falling with the target at 53.00.
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.