EURUSD, “Euro vs US Dollar”
After finishing the descending wave at 1.1803, EURUSD is consolidating above this level. Possibly, the pair may break the range to the upside and correct towards 1.1839. Later, the market may form a new descending structure to break 1.1772 and then continue trading downwards with the short-term target at 1.1682.
GBPUSD, “Great Britain Pound vs US Dollar”
After completing the first descending wave at 1.2992, GBPUSD is expected to correct towards 1.3096. After that, the instrument may resume falling to break 1.2940 and then continue trading within the downtrend with the short-term target at 1.2780.
USDRUB, “US Dollar vs Russian Ruble”
After completing the descending wave at 76.00, USDRUB is consolidating above this level. Possibly, the pair may expand the range down to 75.70 and then start a new correction to reach 77.00 or even 78.20. Later, the market may resume moving inside the downtrend with the target at 75.25.
USDJPY, “US Dollar vs Japanese Yen”
After finishing the correction at 105.02 and rebounding from this level to the downside, USDJPY is expected to resume moving downwards with the first target at 103.90. After that, the instrument may correct to reach 104.40 and then form a new descending structure towards 102.50.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still consolidating around 0.9070. Possibly, today the pair may expand the range up to 0.9096 and then start another correction to reach 0.9060. Later, the market may continue trading within the uptrend with the target at 0.9155.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating around 0.7124. Possibly, the pair may expand the range up to 0.7150 and then resume falling to break 0.7094. After that, the instrument may continue moving within the downtrend with the target at 0.7050.
Brent is still consolidating around 41.00. If later the price breaks this range to the upside, the market may start another growth towards 42.15; if to the downside – continue the correction with the short-term target at 39.50.
XAUUSD, “Gold vs US Dollar”
After forming another consolidation range around 1903.00 and breaking it to the upside, Gold is expected to correct towards 1913.30. After that, the instrument may form a new descending structure to break 1893.50 and then continue trading within the downtrend with the target at 1872.00.
BTCUSD, “Bitcoin vs US Dollar”
After finishing another descending structure at 12760.00, BTCUSD is moving upwards to reach 13131.00 and may later resume falling towards 12647.00. After that, the instrument may start another correction with the target at 13000.00 and then form a wide consolidation range around this level.
After completing another descending wave at 3376.4, the S&P index is correcting. Possibly, the asset may grow to test 3433.2 from below and then resume moving within the downtrend with the short-term target at 3275.0.
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.