EUR USD, “Euro vs US Dollar”
The EUR/USD pair is still consolidating around 1.0869. We think, today the price may fall towards 1.0838 and then return to 1.0869. After that, the main scenario implies that the market may continue falling inside the downtrend to reach the next target at 1.0793. An alternative scenario suggests that the instrument may be corrected to expand the consolidation range to the upside at 1.0949.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still consolidating as well; it has already rebounded from the upside border. Possibly, the price may fall towards 1.2868. After that, the main scenario implies that the market may grow to reach 1.3050. Later, in our opinion, the market may continue falling with the target at 1.2700.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair continues consolidating around 1.0076. If later the price breaks this consolidation range to the upside, the instrument may grow towards 1.0164; if to the downside – start another correction with the target at 1.0012.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is consolidating at the top of the ascending wave. The main scenario implies that the market may break the downside border of the range and continue falling inside the downtrend. The first target is at 112.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is forming another descending structure. Possibly, today the price may reach 0.7326 and then grow towards 0.7377. After that, the downtrend may continue. The target is at 0.7220.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is moving downwards. We think, today the price may reach 56.97. After that, the instrument may grow towards 58.00 and then continue moving upwards with the target at 59.40.
XAU USD, “Gold vs US Dollar”
Gold has completed the ascending impulse along with the correction. Possibly, today the price may grow towards 1235. Later, in our opinion, the market may continue moving downwards with the target at 1212.
Brent is forming another ascending structure with the target at 51.00. After that, the instrument may fall towards 48.82. Possibly, the price may continue forming the descending structure to reach 43.43. However, if the market rebounds from 48.82 to the upside and then breaks 51.00, it may grow to reach 56.00.
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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