EURUSD, “Euro vs US Dollar”
EURUSD is still consolidating. Possibly, today the pair may fall to reach 1.1572 and then form a new ascending structure towards 1.1617. After that, the instrument may resume falling with the target at 1.1515 and then start a new correction to reach 1.1622.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has reached the upside border of the consolidation range. Possibly, the pair may break it and grow with the short-term target at 1.3130. Later, the market may be corrected towards 1.3020.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has formed another consolidation range around 0.9750. If later the instrument breaks this range to the downside, the price may be corrected towards 0.9720 and then resume growing with the first target at 0.9777.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving upwards. Today, the price may reach 111.57 and then fall towards 110.28. After that, the instrument may resume growing with the target at 111.00. In fact, the pair is trading inside a wide consolidation range from the daily chart.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating near the lows. Possibly, the pair may break the range upwards and then start a new correction to reach 0.7156. Later, the market may resume falling with the target at 0.7078.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB continues moving upwards. Possibly, the pair may reach 70.70 and then resume falling towards 68.81. After that, the instrument may start a new growth with the target at 69.90. According to the main scenario, the pair is expected to form a new consolidation range with a reversal pattern.
XAUUSD, “Gold vs US Dollar”
Gold is moving downwards. Today, the price may reach 1190.20 and then resume growing towards 1195.25. Later, the market may continue falling inside the downtrend with the target at 1186.20.
Brent is growing towards 78.22. Later, the market may fall to reach 76.92, thus forming a new consolidation range. If the instrument breaks this range to the upside, the price may resume growing towards 80.50; if to the downside – continue the correction with the target at 75.50.
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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