EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached a new high. We think, today the price may reach 1.1989 and then fall to test 1.1872 from above. After that, the instrument may reach another high at 1.2000. All ascending structures should be considered only as an alternative scenario. The main scenario implies that the market may consolidate and form a reversal pattern to start a new descending wave. The first target is at 1.1430.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is being corrected. Possibly, today the price may grow towards 1.2955 and then fall to reach 1.2873. Later, in our opinion, the market may move upwards with the target at 1.2967 and then continue falling inside the downtrend with the target at 1.2820.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has reached new lows and completed the descending wave. Possibly, the price may consolidate and form a reversal pattern. The instrument is expected to resume growing inside the uptrend with the first target at 0.9640.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has updated the low of the descending wave. We think, today the price may reach 107.70 and then test 108.77 from below. Later, in our opinion, the market may continue falling towards 107.00.
AUD USD, “Australian Dollar vs US Dollar”
Being under pressure, the AUD/USD pair is trading downwards. Possibly, the price may form another ascending structure with the target at 0.79815 (an alternative scenario). After that, the instrument may continue moving downwards with the local target at 0.7755.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has expanded its trading range to the downside. Possibly, today the price may test 58.95 from below and then fall towards 58.23. The local downside target is at 56.60.
XAU USD, “Gold vs US Dollar”
Gold has almost completed the ascending wave. Later, in our opinion, the market may consolidate at the lows. After breaking this range to the downside, the instrument may resume falling inside the downtrend with the target at 1100.
Brent is still consolidating around 51.80. If later the instrument breaks this channel to the downside, the market may continue the current correction towards 50.80; if to the upside, the market may grow to reach 54.10. After that, the instrument may move upwards with the target at 55.15.
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.