EURUSD, “Euro vs US Dollar”
EURUSD has competed the descending impulse along with the correction, thus forming another consolidation range. If later the pair breaks this range to the downside, the price may continue falling inside the downtrend with the short-term target at 1.1530.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has reached the downside target. Possibly, today the pair may consolidate near the lows. The instrument is expected to break the range to the upside and reach the first target at 1.2960.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still consolidating around 0.9946. Today, the price may fall to reach 0.9915 and then resume moving to the upside to break 1.0000. Later, the market may continue growing with the target at 1.0025.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving downwards. Possibly, the pair may reach 110.63 and then grow towards 111.24. After that, the instrument may resume falling inside the downtrend with the first target at 110.30.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is moving upwards. Today, the price may reach 0.7463 and then fall towards 0.7373. Later, the market may break this level and continue falling inside the downtrend with the target at 0.7285.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has formed another consolidation range around 63.35, broken it upwards, and may continue moving to the upside. Possibly, today the pair may return to 63.35 and then start another growth with the short-term target at 65.30.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating near the lows. Possibly, the pair may test 1217.00 from below and then resume trading to the downside to reach 1200.00. Later, the market may start another ascending movement with the target at 1233.00.
Brent is still consolidating. Today, the price may form a new ascending structure towards 73.20 and then resume trading to the downside with the target at 70.90.
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.
Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions