EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached the first target and expanded the consolidation range upwards. Possibly, today the price may fall with the target at 1.1833 and then form another ascending structure towards 1.1953. After that, the instrument may start another consolidation range near the highs.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still consolidating near the highs. If later the instrument breaks this range to the downside, the market may continue the correction towards 1.3198; if to the upside – grow to reach 1.3446.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is consolidating near the lows. We think, the price may break this range upwards to reach 0.9873 and then form another descending structure towards 0.9830. Later, in our opinion, the market may continue growing with the target at 0.9945.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has finished the ascending impulse towards 111.32. Possibly, today the price may form anther impulse to reach 111.84, break it, and then grow with the target at 112.31.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has reached 0.7596. We think, today the price may grow towards 0.7663 and then fall to return to 0.7596.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating below 58.58. If later the instrument breaks this range to the downside, the market may continue falling inside the downtrend towards 56.55; if to the upside – grow to reach the target at 59.50.
XAU USD, “Gold vs US Dollar”
Gold is falling towards 1284 and may later move upwards to reach 1290, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may continue growing towards 1311; if to the downside – fall to reach 1271.
Brent is trading to expand the range towards 64.00. After that, the instrument may fall to reach 63.20 and then continue growing towards the local predicted target at 64.85.
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.