EUR USD, “Euro vs US Dollar”
The EUR/USD pair is forming another descending structure. We think, today the price may form the consolidation range at the lows and break it downwards to reach 1.1709. After that, the instrument may be corrected towards 1.1818. If the market rebounds from 1.1763 and reaches 1.1697, it may continue falling inside the downtrend with the target at 1.1600.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has broken its consolidation channel to the upside; the instrument is expected to reach the local target at 1.2913. Possibly, today the price may test 1.3037 from below and then continue falling inside the downtrend. The target of this wave is at 1.2811.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has broken the consolidation range downwards and completed the correction at 0.9676. After that, the instrument may continue growing to reach 0.9835.
USD JPY, “US Dollar vs Japanese Yen”
Being under pressure, the USD/JPY pair is moving downwards; it has reached another new low. We think, today the price may continue falling towards 109.65 and then test 110.23. Later, in our opinion, the market may fall to reach 109.45 and complete this descending tendency. After that, the instrument may start growing with the target at 112.18.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has reached the predicted target of the third descending wave. Possibly, today the price may form another consolidation range. If later the instrument breaks this range to the upside, the market may be corrected to reach 0.7950; if to the downside – continue falling with the target at 0.7720.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has broken 60.03 and right now is moving downwards. We think, today the price may reach 59.49. Later, in our opinion, the market may grow to reach 60.03 and then continue falling with the target at 58.00.
XAU USD, “Gold vs US Dollar”
Being under pressure, Gold is moving upwards. Possibly, the price may reach 1268.45 and then fall towards 1261.17. After that, the instrument may grow with the target at 1270.58 and then move downwards to reach 1255.00, thus forming a new consolidation range.
Brent is consolidating and forming the Triangle pattern. Possibly, today the price may fall towards 51.50 and then grow with the target at 53.50.
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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