EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached new lows and returned to the center of the consolidation range. Possibly, today the price may fall to reach 1.0622 and then return to 1.0655. After that, the instrument may fall towards 1.0606 and then grow with the target at 1.0707.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is trading around 1.2450. this structure may be considered as a downside continuation pattern with the target at 1.2357. Later, in our opinion, the market may grow towards 1.2500.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is trading without any particular direction; it has broken the descending channel and this structure may be considered as an upside continuation pattern with the target at 1.0200. Possibly, today the price may grow to reach 1.0065 and then test 1.0007 from above. After that, the instrument may grow to reach the target at 1.0200.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is trading below 111.00. Possibly, the price may fall to reach 109.78 and then grow towards 111.00, thus forming another consolidation range in the form of the Diamond pattern. If later the market breaks this range to the upside, the instrument may be corrected towards 115.00; if to the downside – continue falling inside the downtrend with the target at 106.50.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is forming the fifth descending wave with the target at 0.7583. Possibly, today the price may test 0.7576 from below and then continue falling to reach the above-mentioned target.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has formed another consolidation range. Possibly, the price may break it to the downside and continue falling towards 55.50. After that, the instrument may test 55.90 from below and then extend this wave to reach 54.50.
XAU USD, “Gold vs US Dollar”
Gold is being corrected to reach 1250. Later, in our opinion, the market may move according to an alternative scenario and extend this structure towards 1262. After that, the instrument may fall with the target at 1237.
Brent is extending the ascending wave. Possibly, the price may reach 54.94; it is extending the third wave and may start a new correction towards 53.00 at any moment. Later, in our opinion, the market may grow to reach 55.20.
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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