EURUSD, “Euro vs US Dollar”
EURUSD has finished the ascending structure and is about to start form a new descending wave towards 1.1616. Possibly, today the price may reach this level and then grow towards 1.1671, thus forming another consolidation range. If later the pair breaks this range to the upside, the market may continue the correction to reach 1.1818; if to the downside – resume falling inside the downtrend with the target at 1.1400.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has rebounded from 1.3350 downwards. Possibly, the price may start another decline to reach 1.3190 and then grow towards 1.3290. Later, the market may continue trading to the downside with the target at 1.3075.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading to rebound from 0.9835. The target is at 0.9895. Later, the market may form a new descending structure towards 0.9815 and then grow to reach 0.9960. After breaking this level upwards, the instrument may continue trading to the upside and reach 1.0100.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is being corrected towards 109.64. After that, the instrument may start another decline with the first target at 107.87.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating around 0.7561. According to the main scenario, the price may break this range upwards and grow to reach the short-term target at 0.7645.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating and forming a downside continuation pattern. Today, the price may fall to reach 60.08 and then start another growth towards 61.62.
XAUUSD, “Gold vs US Dollar”
Gold has rebounded from 1306.99 once again. Possibly, the price may form a new descending structure to reach 1288.00, break it, and then continue trading to the downside with the target at 1240.00.
Brent has completed the ascending impulse and right now is being corrected towards 76.15. Later, the market may grow to reach 80.00 and then start another decline towards 78.50. After that, the instrument may form a new ascending wave with the target at 82.11.
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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