EUR USD, “Euro vs US Dollar”
The EUR/USD pair is falling to reach 1.0833. Later, in our opinion, the market may be corrected towards 1.0882 and then form another descending wave with the target at 1.0777.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has reached the upside border of its consolidation range. We think, today the price may be corrected towards the downside border. The target is at 1.2710.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has formed another consolidation range. Possibly, today the price may grow towards 1.0000. After that, the instrument may be corrected to reach 0.9950 and then continue moving upwards with the target at 1.0050.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has formed another consolidation range and right now, being under pressure, is moving downwards. Possibly, the price may break the downside border of the range. The first target is at 109.01.
AUD USD, “Australian Dollar vs US Dollar”
Being under pressure, the AUD/USD pair is moving upwards. We think, today the price may test 0.7500 from below and then fall to reach 0.7407.
USD RUB, “US Dollar vs Russian Ruble”
Being under pressure, the USD/RUB pair is also moving upwards. Possibly, the price may grow to reach 57.36. After that, the instrument may fall with the target at 55.50 and form another consolidation range.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating around 1265.30. Possibly, the price may break the range upwards and start a new correction with the target at 1276.80. Later, in our opinion, the market may form the fifth wave towards 1257.00.
Brent has expanded its consolidation range to the downside and then moved back quickly. Possibly, today the price may test 52.00 from above and then grow towards 54.00. Later, in our opinion, the market may be corrected to return to 52.00 and then start another growth with the target at 55.00.
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.