EURUSD, “Euro vs US Dollar”
EURUSD formed a consolidation range around 1.1057 and expanded it to 1.1117, exiting the range upwards. Today the quotes might rise to 1.1122 (with a test from below). After the price hits this level, a new wave of decline to 1.1020 could start. And if this level also breaks, the potential for a decline by the trend to 1.0977 might also open. This is the first target.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has formed a consolidation range around 1.2885. Exiting it upwards, the market formed a correction structure to 1.2972. A wave of decline to 1.2885 is expected to start. A breakout of this level could open the potential for a decline to 1.2770 by the trend. This is a local target.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has corrected to 139.44. A new structure of growth to 140.70 is expected today. And with a breakout of this level upwards, the potential for a rise to 142.36 could open. This is the first target.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has completed a correction to 0.8580. A link of growth to 0.8634 could form today. Next, a new link of decline to 0.8570 is not excluded, after which a new wave of growth to 0.8799 could develop. This is the first target.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed a correction structure to 0.6811. A new wave of decline to 0.6737 could develop today, from where the trend might continue to 0.6655. This is the first target.
Brent is forming a consolidation range around 83.00. The range is expected to expand to 83.62. This is a local target. Next, a correction to 81.00 might begin, followed by a rise to 84.00. This is the first target.
XAUUSD, “Gold vs US Dollar”
Gold has formed a consolidation range around 1967.25, extending the correction to 1982.00 with an escape upwards. Today the quotes could drop to 1967.25. A breakout of this level might let the trend continue to 1937.35.
The stock index continues developing a link of growth to 4591.0. After it reaches this level, a decline to 4530.0 is expected. And a breakout of this mark could open the potential for a decline to 4488.0. This is the first target.
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.