EURUSD, “Euro vs US Dollar”
EURUSD is still trading downwards; the target of this wave is at 1.1661. After that, the instrument may form a new ascending structure towards 1.1725 and then resume trading to the downside with the short-term target at 1.1600.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD continues falling. Possibly, the pair may reach 1.3140 and then form another ascending structure towards 1.3375 to continue the correction (an alternative scenario). According to the main scenario, the instrument may continue trading downwards with the target at 1.3000.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is moving upwards. Possibly, today the pair may break 0.9962 to the upside and then continue growing to reach 1.0020. After that, the instrument may start another decline to return to 0.9962 and then resume trading to the upside with the target at 1.0100.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading upwards. Today, the price may reach 112.54 and fall towards the first target at 110.25. The market is expected to start another descending wave to reach 106.80.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is moving downwards. Possibly, the pair may reach 0.7346 and then form another ascending structure towards 0.7380. Later, the market may resume trading to the downside with the target at 0.7285.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 62.00. Today, the price may continue trading downwards to reach the short-term target at 60.60.
XAUUSD, “Gold vs US Dollar”
Gold has reached the downside target. Possibly, the pair may form a new ascending structure towards 1253.00. Later, the market may start another consolidation range near the lows. If later the instrument breaks this range to the upside, the price may continue trading upwards to reach 1268.00 or even continue the correction towards 1304.00.
Brent has failed to fix above 76.30; it has broken the range downwards and reached the first target. Possibly, today the pair may return to 76.30 and then continue trading to the downside with the target at 72.80.
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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