EURUSD, “Euro vs US Dollar”
EURUSD has completed the first descending structure with the target at 1.1310; right now, it is being corrected to reach 1.1365. Later, the market may start another decline to break 1.1310 and then continue forming the third descending wave with the short-term target at 1.1252.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is being corrected upwards; so far, it has completed three correctional waves. An alternative scenario implies that the price may form the fifth correctional wave to reach 1.2810. However, according to the main scenario, the instrument is expected to continue falling inside the downtrend towards 1.2655, at least.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is being corrected downwards to reach 0.9952. After that, the instrument may form one more ascending structure to break 1.0007 and then continue trading inside the uptrend with the short-term target at 1.0055.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has finished the correction at 113.20. Possibly, today the pair may form the fifth descending structure with the first target at 112.40. Later, the market may start another growth to return to 113.20 and then resume trading inside the downtrend with the short-term target at 111.00.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached the downside target; right now, it is moving downwards with the target at 0.7190. Considering that the pair hasn’t formed any corrections yet, the price may form one more ascending structure towards 0.7325 at any moment. After that, the instrument may resume falling with the short-term target at 0.7050.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 66.47; it has finished the ascending structure towards 66.80. Today, the pair may fall to reach 66.40 and then start another growth to expand the range up to 67.07. Later, the market may continue consolidating and trade to the downside to expand the range up to 65.60.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating at the top. Today, the pair may fall to break 1236.60 and then continue trading inside the downtrend with the short-term target at 1231.50 or even 1224.24. The key downside target is at 1221.30.
Brent is consolidating close to 61.93. Possibly, today the pair may form a new descending structure towards 61.00 and then start another growth with the short-term target at 65.95. After that, the instrument may be corrected to reach 62.05 and then form one more ascending structure with the first target at 66.60.
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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