EURUSD, “Euro vs US Dollar”
EURUSD is moving downwards to reach 1.1520. Possibly, today the pair may consolidate to grow towards 1.1617 and then fall with the short-term target at 1.1546. After that, the instrument may start a new correctional wave towards 1.1616 and then resume trading to the downside to reach the target at 1.1520.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is moving downwards to reach 1.2864. Later, the market may grow towards 1.2936 and then start another decline with the target at 1.2828.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is moving upwards. Possibly, today the pair may reach 0.9740 and then fall to reach 0.9670. After that, the instrument may form a new ascending structure with the first target at 0.9770.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is forming the third descending wave. Today, the price may grow to reach 111.25, resume falling to break 110.68, and then continue falling inside the downtrend with the short-term target at 110.18. Later, the market may resume growing to return to 110.68 and then start another decline with the target at 109.55 to complete the first half of this descending wave.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken its consolidation range downwards. Possibly, the pair may extend the third wave towards 0.7156 and then start another correction to reach 0.7256. After that, the instrument may form the fifth wave with the target at 0.7135.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 67.64. Possibly, today the pair may fall towards the downside border of the Triangle pattern at 67.15 and then resume growing to reach 67.70. Later, the market may continue falling inside the downtrend with the target at 65.75.
XAUUSD, “Gold vs US Dollar”
Gold is moving downwards. Possibly, today the pair may reach 1191.80 and then grow towards 1200.00. Later, the market may resume trading to the downside to return to 1186.20.
Brent is consolidating above 77.00. According to the main scenario, the pair is expected to break the range to the upside and reach 78.90. After that, the instrument may fall towards 78.04 and start another growth with the target at 82.00.
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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