EURUSD, “Euro vs US Dollar”
EURUSD is moving upwards; it has broken the consolidation range to the upside and may continue the correction with the short-term target at 1.1173 (an alternative scenario). In fact, the price may start plummeting towards 1.1075 at any moment.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating around 1.2150. If the price breaks this range to the upside at 1.2180, the instrument may start a new correction towards 1.2240; if to the downside at 1.2121– continue trading inside the downtrend with the target at 1.2000.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is moving upwards. Possibly, today the pair may break 0.9918 and then continue growing with the short-term target at 0.9942. Later, the market may start another correction towards 0.9820 and then form one more ascending structure with the first target at 1.0000.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving downwards. Today, the pair may fall to reach 108.37 and then start another growth towards 108.66. After that, the instrument may form a new descending structure to break 108.30 and then continue trading inside the downtrend with the short-term target at 108.00.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached the key downside target at 0.6870; right now, it is moving upwards. Possibly, the pair may start a new correction with the target at 0.6977.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has finished the correction; right now, it is moving upwards to reach 63.88. Later, the market may start a new decline towards 63.21.
XAUUSD, “Gold vs US Dollar”
After completing the continuation pattern at 1426.26, Gold is moving upwards inside the third correctional wave with the target at 1436.57. After that, the instrument may fall to reach 1426.26 and then form one more ascending structure towards 1440.14.
Brent is moving upwards. Today, the pair may reach the short-term target at 66.60. After that, the instrument may start a new decline towards 65.00 and then resume trading inside the uptrend with the first target at 67.60.
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.