EURUSD, “Euro vs US Dollar”
EURUSD is still consolidating at the top; it has expanded the range towards 1.1444 and then returned to 1.1420. Possibly, the pair may form one more ascending structure to reach 1.1455 and then resume falling towards the downside border at 1.1386. If later the instrument breaks this level to the downside, the price may continue trading inside the downtrend with the first target at 1.1348.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed the first descending impulse along with the correction. Today, the pair may start a new decline to break 1.3138. The short-term target is at 1.3052. After that, the instrument may continue trading upwards to reach 1.3115 and then resume falling with the first target at 1.3016.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has reached the short-term downside target. Possibly, today the pair may start a new growth to reach 0.9939 and then resume falling towards 0.9890. Later, the market may form one more ascending structure to break 0.9939 and then continue trading inside the uptrend with the target at 1.0000.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY continues forming the third correctional wave. Possibly, today the pair may fall towards 108.95 and then grow to return to 109.41. After that, the instrument may form the fifth descending structure with the target at 108.90 and then start one more ascending structure to reach 110.10.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating in the center of the range. Possibly, the pair may continue consolidating. If the instrument breaks 0.7207 to the upside, the price may resume growing with the short-term target at 0.7285; if 0.7140 to the downside – form a new descending structure towards 0.7070.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still trading below 66.37 without any particular direction. According to the main scenario, the instrument is expected to fall towards 65.45 and then start a new growth to return to 66.37. If later the instrument breaks this range to the upside, the price may form a new correction up to 68.25; if to the downside – continue trading inside the downtrend with the target at 62.50.
XAUUSD, “Gold vs US Dollar”
Gold is moving upwards. Today, the pair may grow towards 1311.80 and then fall to break 1286.06. After that, the instrument may continue trading inside the downtrend with the first target at 1254.15.
Brent has broken 60.71 and may continue the correction with the short-term target at 59.37. Possibly, today the pair may return to 60.71 to test it from below. Later, the market may resume falling to reach the above-mentioned target and then form one more ascending structure with the first target at 61.23.
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.