EUR USD, “Euro vs US Dollar”
The EUR/USD pair has broken the descending channel and may grow towards 1.2018. This ascending structure may be considered as a correctional one. After that, the instrument may form another descending wave with the target at 1.1925.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still moving upwards; it has almost completed the ascending wave and reached 1.3040. We think, today the price may consolidate near the lows. Later, in our opinion, the market may break this consolidation range to the downside and then fall to reach the first target at 1.3040.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has reached the target of the third ascending wave. Possibly, today the price may fall towards 0.9570 and then grow to reach 0.9594, thus forming another consolidation range. If later the instrument breaks this consolidation range to the upside, the market may continue growing towards 0.9635; if to the downside – start another correction with the target at 0.9525.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has reached the target of the third ascending wave. We think, today the price may start falling towards 108.95, grow to reach 110.45, and then resume moving downwards to return to 108.95.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading in the center of the consolidation range. According to the main scenario, the price is expected to fall to reach 0.7984 or even extend this structure towards the first target at 0.7930. After that, the instrument may be corrected to reach 0.8030.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has completed the ascending structure. Possibly, today the price may fall towards 57.03 to define the downside border of the consolidation range. If later the instrument breaks this range to the downside, the market may reach 56.67; if to the upside – resume the correction towards 55.67. Later, in our opinion, the market may continue falling inside the downtrend with the target at 55.50.
XAU USD, “Gold vs US Dollar”
Gold has reached 1331.00. Possibly, today the price may fall to break 1322.00. The first target is at 1305.00. Later, in our opinion, the market may grow towards 1330.00.
Brent is trading above 53.86. Possibly, the price may move upwards with the target at 54.80. After that, the instrument may be corrected towards 51.00 and then continue growing to reach 55.15.
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.