EUR USD, “Euro vs US Dollar”
The EUR/USD pair is forming another descending wave; it has already the first impulse and broken the ascending channel. Possibly, today the price may consolidate at 1.1839. If later the instrument breaks this range to the downside, the market may fall towards the first target at 1.1796.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is forming another ascending structure. We think, today the price may reach 1.3313. Later, in our opinion, the market may fall towards 1.2964.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has rebounded from the Neckline and started growing. Possibly, today the price may continue forming the wave towards 0.9850, which is the first target of another ascending structure. An alternative scenario implies that the instrument may fall to test 0.9707 and then start growing towards the target at 0.9850.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is moving downwards. Possibly, the price may break the downside border of the range. The target is at 111.38. After that, the instrument may be corrected towards 112.40.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is still consolidating at the top of the ascending wave. Possibly, today the price may break the top and extend the correction towards 0.7920.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading to rebound from 57.81. Possibly, the price may reach 57.53 and then form another consolidation range. After breaking this range to the downside, the instrument may fall to reach 56.67.
XAU USD, “Gold vs US Dollar”
Gold is trading to rebound from 1290. Possibly, the price may continue growing towards 1311 and then start resume falling inside the downtrend to reach 1260.
Brent is trading to rebound from 55.85. We think, the price may grow to reach 57.10. And that’s just a half of another ascending structure. The local target is at 58.57.
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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