EURUSD, “Euro vs US Dollar”
After rebounding from 1.1622 to the downside and then reaching 1.1584, EURUSD is expected to correct towards 1.1619 and may later resume falling to return to 1.1585. After that, the instrument may break this level and continue trading downwards with the short-term target at 1.1528.
GBPUSD, “Great Britain Pound vs US Dollar”
After rebounding from 1.3824 to the downside and completing the descending wave at 1.3782, GBPUSD has broken the latter level and may later continue falling towards 1.3737. And that’s just a half of this wave. The short-term target of this descending wave is 1.3660.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has finished the descending wave at 69.39; right now, it is consolidating above this level. Possibly, the pair may break the range to the upside and start a new correction to reach 70.00. Later, the market may resume falling within the downtrend with the target at 69.00.
USDJPY, “US Dollar vs Japanese Yen”
After forming a new consolidation range around 113.95 and breaking it to the upside, USDJPY is expected to continue growing towards 114.40 or even extend the correction up to 114.50. However, any ascending movements should be considered as an alternative scenario. The main scenario implies a further downtrend with the target at 113.22.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has finished the ascending wave at 0.9223 along with the descending impulse towards 0.9188; right now, it is forming a new consolidation range above the latter level. If later the price breaks this range to the downside, the market may resume falling with the target at 0.9177; if to the upside – form one more ascending structure to reach 0.9300.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating around 0.7500. Today, the pair may grow to reach 0.7556 and then fall to return to 0.7500. Later, the market may break the latter level to the downside and start a new decline the target at 0.7444.
Brent is still consolidating around 85.55. If later the price breaks this range to the upside, the market may resume trading within the uptrend with the target at 87.00; if to the downside – start a new correction towards 84.60 and then form one more ascending structure to reach the above-mentioned target.
XAUUSD, “Gold vs US Dollar”
After completing the ascending structure at 1791.37, Gold is forming a narrow consolidation range around this level. If later the price breaks this range to the upside, the market may resume trading within the uptrend with the target at 1814.00. After breaking this level as well, the instrument may continue growing towards 1825.35. On the other hand, if the asset breaks the range to the downside, it may start a new decline to reach 1772.50.
The S&P index is still consolidating around 4573.3. Possibly, today the asset may expand the range up to 4607.7 and then fall to return to 4573.3. Later, the market may resume trading upwards with the target at 4621.2.
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.