EURUSD, “Euro vs US Dollar”
EURUSD is forming the first ascending wave. Possibly, today the pair may form a downside continuation pattern around 1.1370. The next short-term target is at 1.1351.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has formed the consolidation range above 1.3286. Today, the pair may form one more descending structure to reach 1.3232 and then continue growing towards 1.3285. After that, the instrument may start a new decline with the first target at 1.3111.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has expanded the consolidation range downwards and formed another ascending impulse; right now, it is being corrected towards 0.9987. After breaking the correctional channel, the instrument may form a new ascending structure to break 1.0022 and then continue growing with the short-term target at 1.0033.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has returned to 110.80; right now, it is consolidating above it. Today, the pair may break the range to the downside and reach 110.34. However, if the price breaks the range to the upside, the market may expand the range towards 111.22 and then resume moving downwards with the target at 110.34.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading downwards. Possibly, today the pair may reach 0.7118 and then form a new ascending structure towards 0.7163. Later, the market may resume trading inside the downtrend with the short-term target at 0.7040.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is trading upwards. Possibly, the pair may extend the structure towards 66.20 and then fall to reach 65.45, thus forming a new consolidation range between these levels. If later the price breaks the range to the upside, the instrument may continue the correction to reach 66.60; if 65.45 to the downside – resume trading inside the downtrend with the short-term target at 62.90.
XAUUSD, “Gold vs US Dollar”
Gold has reached the target at 1322.33; it has formed a continuation pattern around this level and broken it downwards. Possibly, the pair may continue forming the third wave with the short-term target at 1311.57.
Brent is consolidating around 65.80. Possibly, the pair may form a new ascending structure towards 67.18 and then resume moving downwards to reach 63.95. Later, the market may start a new growth with the target at 65.40.
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.