EUR USD, “Euro vs US Dollar”
The EUR/USD pair is moving downwards. The main scenario still implies that the price may reach 1.0613. Possibly, today the market may reach 1.0720. After that, the instrument may start forming another consolidation range.
GBP USD, “Great Britain Pound vs US Dollar”
Being under pressure, the GBP/USD pair is moving downwards as well. Possibly, the price may reach 1.2400. Later, in our opinion, the market may form another ascending structure towards 1.2935.
USD CHF, “US Dollar vs Swiss Franc”
Being under pressure, the USD/CHF pair is growing. Possibly, the price may form another wave to break 0.9963. The local target is at 1.0060.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is trading inside the Triangle consolidation pattern. Possibly, the price may reach 112.05. However, the main scenario implies that the instrument may grow towards 115.30.
AUD USD, “Australian Dollar vs US Dollar”
Being under pressure, the AUD/USD pair is moving downwards. After breaking 0.7620, the market may move to reach 0.7550.
USD RUB, “US Dollar vs Russian Ruble”
Being under pressure, the USD/RUB pair is falling. Possibly, the price may continue forming the current wave with the target at 58.50. Later, in our opinion, the market may return to 59.41 and then fall towards 58.00.
XAU USD, “Gold vs US Dollar”
Gold has made an attempt to break the top; the entire structure may be considered as the Double Top pattern. The main scenario still implies that the price may form another descending wave with the target at 1162.20. The first target is at 1187.70.
Brent is trading to break 56.85 upwards; it has already formed the consolidation range. After breaking this range to the upside, the market may continue growing with the target at 58.70.
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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