EUR USD, “Euro vs US Dollar”
The EUR/USD pair has completed the descending impulse and right now is trading inside a narrow consolidation range. We think, today the price may fall to reach 1.0842. Later, in our opinion, the market may grow towards 1.0884 and then start another descending structure with the target at 1.0830. This wave is the first one.
GBP USD, “Great Britain Pound vs US Dollar”
Being under pressure, the GBP/USD pair is moving downwards. Possibly, the price may form another ascending structure to reach 1.2983. After that, the instrument may be corrected to the downside with the target at 1.2700.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has broken 0.9959 to the upside. Possibly, today the price may grow towards 0.9990. After that, the instrument may fall to reach 0.9960 and then continue moving upwards with the target at 1.0025. This wave is the first one.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is still consolidating at the top of the ascending wave. Possibly, today the price may reach 111.91 and then fall with the target at 109.01. Later, in our opinion, the market may be corrected towards 110.86.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is consolidating at its lows. Possibly, the price may break the range to the upside to start another correction with the target at 0.7532. Later, in our opinion, the market may fall to reach 0.7400.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading to rebound from 56.55. Possibly, the price may grow to reach 57.36. After that, the instrument may fall with the target at 55.50.
XAU USD, “Gold vs US Dollar”
Being under pressure, Gold is moving downwards. Possibly, the price may grow to reach 1272. Later, in our opinion, the market may move with the target at 1257.
Brent has completed the ascending impulse and the correction. We think, today the price may grow to break 52.77. The local target is at 53.80. After that, the instrument may be corrected towards 52.80 and then start another growth with the target at 54.50. This wave is the first one.
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.
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