EURUSD, “Euro vs US Dollar”
EURUSD has finished the fifth structure of the descending wave; right now, it is consolidating. If the instrument breaks this range to the downside, the price may resume trading inside the downtrend towards 1.1385; if to the upside – start a new correction to reach 1.1540.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still falling with the short-term target at 1.2907. Today, the pair may reach it and then start another growth towards 1.3011. Later, the market may resume trading inside the downtrend with the target at 1.2763.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still moving upwards with the short-term target at 0.9930. After that, the instrument may be corrected towards 0.9767 and then start a new ascending wave to reach 0.9990.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has broken the consolidating range and reached the main upside target. Possibly, today the pair may form a new consolidation range near the highs. If the instrument breaks 114.20 to the downside, the price may start another decline with the first target at 113.98.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached the target of the descending wave. Possibly, the pair may continue trading inside the downtrend without any significant corrections. The target is at 0.7000. Today, the pair may be corrected a bit to reach 0.7150 and then resume falling towards the above-mentioned target.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is trading near the upside border of the range and trying to break 65.60. Possibly, the pair may be corrected with the first target at 66.06. However, if the price breaks 65.00 to the downside, the instrument may resume trading inside the downtrend towards 64.50.
XAUUSD, “Gold vs US Dollar”
Gold is moving downwards with the target at 1194.00. After that, the instrument may grow to reach 1201.00 and then start a new descending wave towards the short-term target at 1187.00.
Brent has broken its consolidation range to the upside and reached 87.00. Today, the pair may test 86.87 from above and then start another growth with the target at 87.60.
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.
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