EURUSD, “Euro vs US Dollar”
EURUSD is still forming the fifth descending wave; right now, it is consolidating around 1.1246. Possibly, today the price may grow towards 1.1285 and then fall to reach 1.1195. According to the main scenario, the pair may continue trading inside the downtrend with the main target at 1.1150. An alternative scenario implies that the price may start a new correction towards 1.1320.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is also forming the fifth descending wave; right now, it is consolidating around 1.2893. If later the instrument breaks this range to the downside, the price may form one more descending structure to reach 1.2733; if to the upside – start a new correction towards 1.2996. The main target of the entire descending wave is at 1.2655.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still growing; it is forming the first structure of the fifth ascending wave. The target is at 1.0170. After that, the instrument may be corrected towards 1.0063 and then start another growth to reach the short-term target at 1.0266.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating at the top. Possibly, the price may form a reversal pattern. If later the pair breaks 113.61 to the downside, the instrument may form a new descending impulse with the target at 112.98. Later, the market may start another correction towards 113.61.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached the target of the first descending impulse; right now, it is being corrected towards 0.7232. After that, the instrument may resume trading inside the downtrend with the short-term target at 0.7107.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating above 67.53. If later the instrument breaks this range to the downside, the price may form one more descending structure to reach 66.50; if to the upside – resume growing to complete the correction at 68.10.
XAUUSD, “Gold vs US Dollar”
Gold has completed the descending wave. Today, the pair may start a new ascending structure towards 1207.55 and then fall to reach 1204.15, thus forming another consolidation range. If later the instrument breaks this range to the upside, the price may resume growing to reach 1222.20; if to the downside – form one more descending structure with the target at 1193.80.
Brent has finished another descending structure. Today, the pair may grow to reach 71.33 and then resume falling towards 70.00. If later the instrument breaks 71.33 to the upside, the price may start a new growth with the first target at 73.88.
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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