EURUSD, “Euro vs US Dollar”
EURUSD is trying to fix above 1.1347. Possibly, the pair may choose an alternative scenario and form a new ascending structure towards 1.1376. Later, the market may resume trading inside the downtrend to return to 1.1347.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading upwards. Today, the pair may choose an alternative scenario and extend the structure towards 1.3176. After that, the pair may start a new decline with the first target at 1.2988.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has finished the ascending impulse along with the correction. Possibly, today the pair may form a new ascending structure to break 1.0022 and then continue growing with the short-term target at 1.0044.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving downwards to reach 110.72. Later, the market may start a new growth towards 111.06 and then continue trading downwards with the short-term target at 110.60.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating around 0.7118. Today, the pair may fall towards 0.7066 and then return to 0.7118 to test it from below. After that, the instrument may form one more descending structure with the target at 0.7030.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 65.39 and forming the Divergent Triangle pattern. If later the price breaks the pattern to the downside, the instrument may resume trading inside the downtrend with the target at 64.50; if to the upside – start a new correction towards 66.20.
XAUUSD, “Gold vs US Dollar”
Gold is still consolidating around 1327.20. Today, the pair may fall to reach 1324.66 and then resume trading upwards with the target at 1333.85. After that, the instrument may resume moving downwards to break 1320.74 and then continue falling towards 1310.80.
Brent has broken 65.55 and may start a new correction with the target at 63.55. Possibly, today the pair may form one more descending structure towards 63.90 and then resume trading upwards to return to 65.55. Later, the market may start a new decline with the target at 63.55.
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.