EURUSD, “Euro vs US Dollar”
EURUSD is still consolidating at the top around 1.1424. Possibly, the pair may form one more ascending structure to expand the range towards 1.1456 (an alternative scenario). According to the main scenario, the instrument may start plummeting to reach 1.1410 at any moment. If later the market breaks this level to the downside, the price may continue trading inside the downtrend with the target at 1.1381.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is forming the third descending structure; it has already reached 1.3083 and completed the first half of this wave. Today, the pair may start a new consolidation range around the above-mentioned level between 1.3117 and 1.3055. According to the main scenario, the instrument is expected to break the range to the downside and resume falling with the short-term target of the third wave at 1.3000.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has broken 0.9935 upwards; right now, it is growing. Possibly, the pair may expand the range up to 0.9967 and the form a new descending structure to reach 0.9946. Later, the market may rebound from this level and form one more ascending structure towards 0.9990. However, if the instrument breaks 0.9935 to the downside, the price may start a new decline with the target at 0.9890.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating around 109.33. According to the main scenario, the instrument is expected to fall with the short-term target at 108.90. Later, the market may resume growing to reach 109.33 and then form a new descending structure with the first target at 108.80.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading to rebound from 0.7155. Possibly, today the pair may break 0.7200 upwards and continue growing with the target at 0.7285. After that, the instrument may resume falling to return to 0.7200 and then form one more ascending structure towards 0.7350.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is trading to rebound from 66.37. Today, the pair may reach 66.00. Later, the market may form one more ascending structure towards 66.40 and then start a new decline to return to 65.45. After that, the instrument may form a new correction with the target at 66.40.
XAUUSD, “Gold vs US Dollar”
Gold is moving upwards; it has broken 1305.95 upwards and may continue growing to reach 1319.76. After that, the instrument may form a new descending structure to return to 1305.95 and then start a new growth with the target at 1331.80.
Brent has reached the short-term downside target and then returned to 61.75; right now, it is consolidating below this level. If later the instrument breaks this range to the upside, the price may form one more ascending structure up to 62.62; if to the downside – resume falling with the target at 59.40 and then start a new growth towards 63.95.
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.