EUR USD, “Euro vs US Dollar”
The EUR/USD pair has completed the first descending wave. We think, today the price may start another correction towards 1.1896 and then resume falling to break the low of the first wave. Later, in our opinion, the market may continue falling inside the downtrend with the first target at 1.1703.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has reached 1.3222 and then formed another ascending structure to break the high. Possibly, the price may reach 1.3411 during the correction. After that, the instrument may fall towards 1.3222.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has broken its consolidation channel upwards. We think, the price may grow to reach 0.9880 and then start another correction towards 0.9820. Later, in our opinion, the market may continue growing with the target at 0.9920.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has reached the upside border of the consolidation channel. Possibly, today the price may fall towards 111.33 and then resume growing to break the upside border. The target is at 112.58.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has broken the consolidation rage downwards and right now is still falling. The downside target is at 0.7504.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has failed to continue falling and right now is still consolidating below 58.28. We think, today the price may trade to the downside and reach 57.90. The target is at 57.47.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating at the top. Possibly, today the price may reach 1299.40. After that, the instrument may form another descending structure towards 1287.00.
Brent is still consolidating around 63.20. We think, today the price may expand it towards 62.72. Later, in our opinion, the market may form another ascending structure with the local target at 64.85.
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.