EURUSD, “Euro vs US Dollar”
After the market opening, EURUSD is forming another descending structure to reach 1.1350. After that, the instrument may be corrected to return to 1.1414 and then resume trading inside the downtrend with the short-term target at 1.1250.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading downwards to reach 1.2685. Later, the market may form one more ascending structure with the short-term target at 1.2750.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating close to the downside border of the range. Possibly, today the pair may grow to break 0.9977 and then continue trading inside the uptrend with the target at 1.0070. According to the main scenario, the price is expected to continue this ascending wave.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has broken 110.90 downwards and expanded the range. Possibly, the pair may grow to test 110.90 from below and then resume falling towards 109.77. After that, the instrument may continue forming the third wave with the target at 107.50.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has formed another consolidation range around 0.7044. If later the instrument breaks this range to the upside, the pair may be corrected with the target at 0.7090; if to the downside – resume trading inside the downtrend towards 0.7000. Later, the market may form a reversal pattern and start a new correction to reach 0.7200.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still trading upwards with the target at 68.98. After that, the instrument may start a new correction towards 67.20 and then form one more ascending structure to reach 69.40. Later, the market may resume trading inside the downtrend.
XAUUSD, “Gold vs US Dollar”
Gold is trading upwards. Today, the pair may reach 1274.74 to extend the correction. Possibly, the price may form another consolidation range with a reversal pattern close to the highs. After that, the instrument may start a new correction with the first target at 1230.33.
Brent has almost reached its downside target at 50.00. Possibly, the pair may form another consolidation range with a reversal pattern near the lows and start a new ascending structure with the first target at 63.30.
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.