EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached the downside target and then formed another ascending impulse. Possibly, the price may continue growing to test 1.2400 from below. Later, in our opinion, the market may start another decline to reach 1.2323.
GBP/USD GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is breaking 1.4066 downwards. Possibly, today the price may form another consolidation range, breaks it to the downside, and then fall to reach the local target at 1.3850.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is consolidating close to the upside border of the range. Possibly, the price may form another descending structure towards 0.9282 and then grow to reach 0.9465.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is moving downwards; it may break 108.65 and continue falling towards 108.14. We think, today the price may reach this level and then start a new growth with the first target at 110.50.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is still forming another descending structure. Possibly, the price may break 0.8050 and then form a continuation pattern. The predicted target is at 0.7966.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is still moving upwards; the predicted target is at 56.56. After that, the instrument may fall to reach 56.05 and then resume growing with the target at 56.90.
XAU USD, “Gold vs US Dollar”
Gold has reached the downside target and right now is consolidating. If later the price breaks this range to the downside, the market may extend this structure towards the local target at 1322.00.
Brent has almost reached the local downside target. We think, today the price may grow towards 69.80 and then move downwards to reach 68.50. Later, in our opinion, the market may start another correction to return to 69.80 (at least).
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.