EURUSD, “Euro vs US Dollar”
EURUSD is consolidating near the highs of the ascending structure. Possibly, today the price may fall towards 1.2260 and then grow to reach 1.2294. Later, the market may form another descending wave with the target at 1.2220.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed the ascending correctional structure. Today, the price may form another consolidation range near the highs. If later the instrument breaks this range to the downside, the market may resume falling towards 1.3930. The first target is at 1.4044.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating near the lows. If later the instrument breaks this range to the upside, the market may grow to reach 0.9622 and then fall towards 0.9588. After that, the instrument may continue moving inside the uptrend with the short-term target at 0.9700.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed the correction and right now forming another ascending structure. Possibly, today the price may reach 107.27 and then fall towards 106.87. Later, the market may start another growth with the target at 107.74.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached the target of the Flag correctional pattern. Today, the price may form another descending structure towards 0.7650. If later the instrument breaks this level to the downside, the market may continue falling to reach 0.7567.
USDRUB, “US Dollar vs Russian Ruble”
Influenced by sanctions, USDRUB has broken 58.38 upwards and reached the short-term target of the ascending structure. Possibly, today the price may be corrected towards 58.40 and form another structure to the upside with the target at 61.28.
XAUUSD, “Gold vs US Dollar”
Gold has formed another consolidation range at the top and broken it downwards. Possibly, the price may fall to reach 1326.00 and then grow towards 1331.00. After that, the instrument may start another decline with the target at 1322.00.
Brent is trading upwards. Possibly, the price may grow to reach 70.14 and then fall towards 68.60. Later, the market may continue moving inside the uptrend with the short-term target at 72.22.
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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