EUR USD, “Euro vs US Dollar”
The EUR/USD pair has formed another consolidation range above 1.1736 and right now is trading to break it to the downside. Possibly, the price may reach 1.1700 and then grow to return to 1.1736. After that, the instrument may continue falling with the target at 1.1630.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is consolidating above 1.3113. If later the instrument breaks this consolidation channel to the downside, the market may fall to reach 1.3077; if to the upside – continue growing with the target at 1.3220.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is consolidating around 0.9692. If later the instrument breaks this range to the upside, the market may grow to reach 0.9826; if to the downside – start another correction with the target at 0.9630.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is forming the fifth descending structure. Possibly, today the price may grow towards 111.06 to test it from below and then fall to reach the target at 109.90 to complete the first descending wave. Later, in our opinion, the market may be corrected towards 112.20.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading to rebound from 0.8010. We think, today the price may fall towards 0.7920. After that, the instrument may consolidate, break this range to the downside, and then continue falling to reach 0.7850.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is still consolidating around 59.40. Taking into account that the Oil prices are still rising, the pair is expected to continue falling towards 58.64.
XAU USD, “Gold vs US Dollar”
Gold has broken its consolidation range to the upside. Possibly, the price may grow to reach 1275.65. Later, in our opinion, the market may be corrected towards 1260.00.
Brent has formed another consolidation range, broken it upwards, and may continue growing to reach 53.30. Possibly, the price may be corrected to return to 51.00. After that, the instrument may continue growing and extend the ascending wave towards 55.50.
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.