EUR USD, “Euro vs US Dollar”
The EUR/USD pair has rebounded from 1.1800 and right now is falling inside the third wave. We think, today the price may reach 1.1666. Later, in our opinion, the market may be corrected to return to 1.1830 and then start another decline with the target at 1.1627.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has rebounded from 1.3450 and right now is falling towards 1.3380. After that, the instrument may test 1.3450 from below and then resume moving downwards with the target at 1.3300.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is trading to rebound from 0.9688. Possibly, today the price may reach 0.9733. Later, in our opinion, the market may be corrected to return to 0.9688 and then form another ascending structure with the target at 0.9777.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has completed the first descending structure at 111.47 and right now is being corrected. We think, today the price may form another descending wave to break 111.47. The local target is at 111.11. And this is just a half of the third wave.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has broken 0.7900 and is still falling to reach 0.7826. After that, the instrument may test 0.7900 from below and then continue moving downwards with the target at 0.7755.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is still consolidating. Possibly, the price may continue the correction and reach 58.46. Later, in our opinion, the market may form the fifth descending wave with the target at 56.54.
XAU USD, “Gold vs US Dollar”
Gold has failed to fix above 1300.00 and right now is still moving downwards. Possibly, today the price may reach 1289.50 and then grow to test 1301.00 from below. After that, the instrument may fall with the target at 1280.00.
Brent has rebounded from 57.20 to the upside. Possibly, the price may grow to reach 58.68. the next target is at 60.25. Later, in our opinion, the market may be corrected towards 55.50.
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.