EURUSD, “Euro vs US Dollar”
EURUSD is trading close to the downside border of the range. Possibly, today the pair may continue falling inside the downtrend to reach 1.1494 and then form a new ascending structure towards 1.1545. After that, the instrument may resume trading to the downside with the short-term target at 1.1444.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating near the lows. Today, the price may fall to reach 1.2946 and then start a new correction towards 1.3070. Later, the market may form another descending structure with the target at 1.2888.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is moving upwards. Possibly, today the pair may grow to break 0.9966 and then continue moving to the upside with the target at 1.0000. After that, the instrument may form another descending structure towards 0.9950 and then resume growing to reach 1.0100.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is growing towards 111.72 and then may fall to reach 111.42. If later the instrument breaks this range to the upside, the price may grow to reach 112.29; if to the downside – continue falling inside the downtrend with the target at 110.30.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is forming another descending wave towards 0.7342. Later, the market may grow to reach 0.7375 and then resume trading to the downside towards 0.7300. According to the main scenario, the instrument is expected to continue falling inside the downtrend with the target at 0.7285.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has broken the ascending channel. Today, the price may fall to reach 62.50, thus forming another consolidation range below 61.61. According to the main scenario, the instrument is expected to continue falling with the target at 59.60.
XAUUSD, “Gold vs US Dollar”
Gold is trading below 1218.00. Possibly, the pair may continue trading to the downside to reach 1200.00. Later, the market may start another correction with the target at 1233.00.
Brent is consolidating in the center of the range around 73.42. Today, the price may form another descending structure towards 70.50 and then start a new growth with the target at 75.90.
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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