EURUSD, “Euro vs US Dollar”
EURUSD has broken 1.2187 to the downside. Possibly, today the price may return to this level and then fall towards 1.2137. Later, the market may return to 1.2187 once again, thus forming another consolidation range around this level.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating near the lows. Today, the price may break the low and then continue trading to the downside to reach 1.3800.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has broken 0.9800 upwards. Possibly, the price may continue trading to the upside to 0.9898.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has broken 109.20 upwards. Possibly, the uptrend may continue to reach 109.98.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached the short-term target of the descending wave. Possibly, today the price may form another consolidation range near the lows. If later the instrument breaks this range to the downside, the market may continue trading to the downside to reach 0.7420; if to the upside – start another correction towards 0.7777.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has broken 62.18 upwards. Possibly, the price may continue the correction towards 63.00 and then fall to return to 62.18. After that, the instrument may start another growth to reach 63.60.
XAUUSD, “Gold vs US Dollar”
Gold has reached a new low and is still consolidating. Today, the price may grow to reach 1326.00 and then fall towards 1316.00. Later, the market may resume growing to return to 1326.00 and then continue trading to the downside to reach the short-term target at 1308.00.
Brent has expanded its consolidation range downwards and returned to 74.00. Possibly, today the price may grow towards 75.35 and then fall to return to 74.00, thus forming another consolidation range near the highs. If later the instrument breaks this range to the downside, the market may start another correction to reach 70.00; if to the upside – resume growing towards 76.50.
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.