EUR USD, “Euro vs US Dollar”
The EUR/USD pair has finished another descending structure. We think, today the price may be corrected to return to 1.18835 and then fall to break 1.1829. Later, in our opinion, the market may consolidate there and form a downside continuation pattern. The local target is at 1.1666.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is falling towards 1.3400. Possibly, the price may be corrected to reach 1.3500 and then resume falling with the target at 1.3350.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has completed the descending correction. Possibly, today the price may form another ascending structure to break 0.9733. The local upside target is at 0.9866.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is forming another descending structure. Possibly, the price may reach 111.26 and then grow towards 111.89. After that, the instrument may continue falling with the first target at 111.11.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is consolidating near its lows. We think, today the price may reach 0.7900 and then form another ascending structure towards 0.7947. Later, in our opinion, the market may fall to the lows. The local target is at 0.7755.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is forming the fifth descending structure to reach the target at 56.54. Possibly, today the price may be corrected towards 57.90. After that, the instrument may continue falling to reach the above-mentioned target.
XAU USD, “Gold vs US Dollar”
Gold has broken its consolidation range to the upside and may be corrected towards 1316. Later, in our opinion, the market may fall to reach 1303 and then complete the correction by growing towards 1320. After that, the instrument may move downwards with the target at 1284.
Brent has broken 57.00 and is still moving upwards. Possibly, the price may reach 59.00. After that, the instrument may be corrected towards 56.20 and then start another growth with the target at 60.60.
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.