EURUSD, “Euro vs US Dollar”
EURUSD has formed another consolidation range near the lows. If later the instrument breaks this range to the downside, the price may continue falling to reach the target at 1.1303; if to the upside – start another correction towards 1.1505 and then resume falling inside the downtrend with the above-mentioned target.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has also formed another consolidation range. According to the main scenario, the instrument is expected to continue the downtrend. However, if the price breaks this range to the upside, the pair may start another correction with the target at 1.2815 and then resume falling towards 1.2650.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating around 0.9945. Possibly, today the pair may break the range to the upside to reach 1.0000. Later, the market may be corrected to return to 0.9945 and then resume growing with the target at 1.0025.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has returned to 110.90. Today, the price may consolidate. If later the instrument breaks this range to the downside, the price may fall to reach 109.90 and then resume growing towards 110.45. After that, the instrument may continue trading inside the downtrend with the short-term target at 108.85.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating below 0.7300. Possibly, today the pair may continue falling inside the downtrend with the target at 0.7200. However, if the price breaks the range upwards, the instrument may start another correction towards 0.7310.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is forming a new descending impulse with the target at 67.18. Later, the market may grow towards 67.90, thus forming another consolidation range. If later the instrument breaks this range to the upside, the price may trade to reach 69.50 (an alternative scenario to extend the fourth wave due to sanctions pressure); if to the downside – resume trading downwards to break 65.70 and then continue falling inside the downtrend with the first target at 64.00.
XAUUSD, “Gold vs US Dollar”
Gold has almost reached the downside target. Today, the price may consolidate near the lows. If later the instrument breaks this range to the downside, the price may fall to reach 1189.00; if to the upside – start another correction with the target at 1212.00.
Brent has expanded its consolidation range and reached the short-term target at 70.90; right now, it is growing to break 73.00. After that, the instrument may continue trading upwards to reach 75.00 and then start another decline to return to 73.00. According to the main scenario, the market is expected to continue growing. The short-term target is at 77.00.
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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