EURUSD, “Euro vs US Dollar”
EURUSD has finished the second descending impulse and right now is being corrected with the target at 1.2363. Later, the market may start the fifth structure of this descending wave to reach 1.2252.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed the second descending impulse and broken the low of the first one. Today, the price may consolidate near the lows. If later the instrument breaks this range to the downside, the market may continue falling to reach 1.3933; if to the upside – start another correction with the target at 1.4130.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has completed the ascending structure. Possibly, today the price may consolidate near the highs. If later the instrument breaks this range to the upside, the market may grow to reach 0.9700; if to the downside – start another correction with the target at 0.9520.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed the second ascending impulse. Today, the price may be corrected to reach 106.50 and then resume growing with the target at 107.76.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken its consolidation range downwards and reached the target of the descending structure. Possibly, today the price may be corrected to the upside to reach 0.7714 at least and then resume falling inside the downtrend with the short-term target at 0.7570.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving upwards. Possibly, the price may grow towards 58.06 and then move downwards to reach 57.44. After that, the instrument may form another ascending structure towards 58.18 and then resume falling inside the downtrend with the target at 54.80.
XAUUSD, “Gold vs US Dollar”
Gold has finished the second descending impulse. Possibly, today the price may be corrected towards 1335.00 and then start another decline to reach 1314.00.
Brent has finished the descending structure and reached the downside border of the consolidation range. Today, the price may grow towards 71.31 and then fall to reach 69.60. Later, the market may start another growth with the target at 72.00.
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.