EUR USD, “Euro vs US Dollar”
The EUR/USD pair has finished the first descending wave. We think, today the price may be corrected towards 1.1435 and then start the third descending wave. The local target is at 1.1310.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still moving upwards Possibly, today the price may reach 1.2967 and then fall towards 1.2900. Later, in our opinion, the market may form another ascending structure to reach 1.3008 and then move downwards with the target at 1.2730.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is being corrected to the downside. We think, today the price may reach 0.9652 and then grow towards 0.9700. After that, the instrument may form another descending structure with the target at 0.9630 and complete the correction. Later, in our opinion, the market may continue growing towards 0.9725.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is trading to rebound from 113.52 to the downside. The target of the wave is at 111.87. Later, in our opinion, the market may be corrected towards 112.77 and then fall with the target at 111.18.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is attempting to break the top of the ascending wave. Possibly, the price may reach 0.7752. Later, in our opinion, the market may fall towards the first target at 0.7660.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is moving downwards; it has formed the downside continuation pattern at 59.92. The first target is at 58.90. After that, the instrument may grow to reach 60.00 and then continue falling towards 58.32.
XAU USD, “Gold vs US Dollar”
Gold is trading above 1216.80. Possibly, the price may break this consolidation range to the upside and reach 1228.77. Later, in our opinion, the market may be corrected towards 1216.00 and then start another ascending wave with the target at 1240.20.
Brent is trading above 48.25. Possibly, the price may grow to reach 49.20. Later, in our opinion, the market may fall towards 48.30 and then start another growth with the first target at 50.20.
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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