EURUSD, “Euro vs US Dollar”
EURUSD is moving downwards. Possibly, today the pair may reach 1.1012 and then grow to break 1.1035. Later, the market may continue trading upwards with the target at 1.1060.
GBPUSD, “Great Britain Pound vs US Dollar”
After forming another consolidation range around 1.3094, GBPUSD has broken it to the downside. Today, the pair may reach 1.3017 and then start a new correction to return to 1.3094 and test it from below.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating around 0.9696. Possibly, today the pair may expand the range down to 0.9685 and then form one more ascending structure towards 0.9723. After that, the instrument may resume trading downwards with the target at 0.9660.
USDJPY, “US Dollar vs Japanese Yen”
After reaching the first downside target at 108.80, USDJPY is correcting towards 109.57 to test it from below. Later, the market may resume trading inside the downtrend with the target at 107.70.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached the short-term predicted downside target at 0.6811; the entire movement is considered as the third descending wave. Possibly, the pair may consolidate near the current lows. After that, the instrument may break the range to the downside and continue moving downwards with the target at 0.6755.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 61.90 without any particular direction. According to the main scenario, the price is expected to continue the correction with the target at 63.00. Possibly, today the pair may grow to reach 62.15 and then form a new descending structure towards 61.91. Later, the market may resume trading upwards with the above-mentioned target.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has broken 1.3147 to the upside. Possibly, the pair may continue growing towards 1.3170 and then start another decline to return to 1.3147. After that, the instrument may form one more ascending structure with the target at 1.3177.
XAUUSD, “Gold vs US Dollar”
After the gap this morning, which made Gold complete its ascending structure at 1587.83, the pair has finished the descending impulse towards 1577.83; right now, it is consolidating above the latter level. Possibly, the pair may fall to reach 1567.56 and then resume trading upwards to test 1577.18 from below.
Brent is moving downwards. Today, the pair may reach 58.62 and then start another growth to break 60.60. Later, the market may form one more ascending structure with the target at 62.30.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is moving upwards; it has already broken 8444.00 to the upside. The main scenario implies that the pair may start a new correction towards 8720.00. After that, the instrument may resume trading downwards to reach 8050.00.
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.