EURUSD, “Euro vs US Dollar”
The currency pair has completed a structure of decline to 1.0320 and continues forming a consolidation range. This new range is now forming at the lows of the declining impulse around 1.0356. With an escape from the range downwards, a pathway down to 1.0274 will open, from where the trend may continue to 1.0175.
GBPUSD, “Great Britain Pound vs US Dollar”
The currency pair continues developing a structure of decline to 1.1900. After this level is reached, a link of correction to 1.2003 is not excluded, followed by a decline to 1.1761.
USDJPY, “US Dollar vs Japanese Yen”
The currency pair has formed a narrow consolidation range around 138.75. Today the quotes may gro to 139.59 and continue the wave of growth to 139.85.
USDCHF, “US Dollar vs Swiss Franc”
The currency pair has broken through 0.9500 upwards. At the moment, the quotes are forming a consolidation range around 0.9522. An escape upwards is expected, so that the ascending wave could continue to 0.9633. The goal is local.
AUDUSD, “Australian Dollar vs US Dollar”
The currency pair is forming a structure of a declining wave to 0.6641. Then a consolidation range is expected to form around this level. With an escape downwards, a pathway to 0.6642 will open. And after this level is broken away, the wave may extend to 0.6534, after which the quotes are likely to grow to 0.6642.
Crude oil continues forming a consolidation range around 85.00. Then growth to 89.25 is expected, followed by a decline back to 85.09.
XAUUSD, “Gold vs US Dollar”
Gold continues forming a consolidation range around 1747.30. With an escape from the range upwards, a pathway to 1775.00 will open. With an escape downwards, a pathway down to 1737.30 will open, from where the wave may continue to 1720.00.
The stock index continues forming a consolidation range around 4005.5. With an escape upwards, the range may extend to 4072.5, from where the quotes may go down by the trend to 3900.0. With an escape downwards, a pathway for the downtrend to 3777.7 will open right away.
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.