EUR USD, “Euro vs US Dollar”
The EUR/USD pair is consolidating near the lows. We think, today the price may reach 1.1896 and complete this wave. Later, in our opinion, the market may start the third descending wave to break the low of the first one. The predicted target is at 1.1762.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has formed a continuation pattern at 1.3371; right now, it is extending the third wave towards 1.3523. After that, the instrument may resume falling to reach 1.3295.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is growing towards 0.9880. Later, in our opinion, the market may fall to reach 0.9820 and then resume growing with the local target at 0.9920.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has broken 111.80 upwards and right now is still growing towards 112.58. After that, the instrument may fall to reach 111.70 and then start another consolidation range. If later the price breaks this range to the downside, the market may fall towards 110.50; if to the upside – grow with the target at 113.56.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has reached the target of another descending wave and right now is being corrected to the upside with the target at 0.7601. Later, in our opinion, the market may resume moving downwards to reach the local target at 0.7496.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is still consolidating below 58.58. According to the main scenario, the price may trade to the downside and reach the local target at 57.45. After that, the instrument may grow to return to 58.548 and then start another decline towards 56.55.
XAU USD, “Gold vs US Dollar”
Gold has broken 1287 downwards. Possibly, the price may start another descending structure towards 1276 and then resume growing to reach 1287.
Brent is moving upwards. Possibly, today the price may reach 64.00 and then start another decline towards 62.60. Later, in our opinion, the market may resume growing with the target at 66.00.
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.