EURUSD, “Euro vs US Dollar”
EURUSD is still consolidating without any particular direction. If later the instrument breaks this range to the downside, the market may continue trading to the downside with the target at 1.2200; if to the upside – start another growth to reach 1.2373 and then resume falling to break the above-mentioned target.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed another descending impulse and right now is consolidating. If later the instrument breaks this range to the downside, the market may continue falling inside the downtrend to reach 1.3760.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has formed the ascending impulse and broken the consolidation range upwards. According to the main scenario, the price may reach the short-term target at 0.9555.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating near the lows of the correctional wave. Possibly, the price may break the range upwards and finish the correction. Later, the market may start forming the third wave with the short-term target at 110.44.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating. If later the instrument breaks this range to the downside, the market may fall to break 0.7777 and then continue trading to the downside towards 0.7648; if to the upside – start another growth to reach 0.7900 and then resume falling inside the downtrend.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has broken the consolidation range downwards and may continue falling. The target of the wave is at 54.80. Considering that there haven’t been any correction in this wave so far, the price may form another ascending structure towards 56.55 then resume trading to the downside.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
XAUUSD, “Gold vs US Dollar”
Gold has finished the descending impulse and right now is consolidating bear the lows of this impulse. If later the instrument breaks this range to the downside, the market may continue trading to the downside towards 1307.00; if to the upside – form another ascending structure to reach 1345.00 and then resume falling.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
BRENT
Brent has reached the upside target and right now is consolidating at the top of the structure. If later the instrument breaks this range to the upside, the market may continue trading upwards to reach 70.30; if to the downside – start another correction towards 64.80.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
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.