EURUSD, “Euro vs US Dollar”
After forming another consolidation range around 1.1240 and breaking it upwards, EURUSD has finished a new ascending correctional impulse and reached the short-term target at 1.1315. Possibly, today the price may fall towards 1.1268 and then grow to reach 1.1323 to complete the current ascending wave. After that, the instrument may resume trading inside the downtrend with the target at 1.1155.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is being corrected upwards to reach 1.3050. Later, the market may resume falling to break 1.2893 and then continue trading inside the downtrend with the short-term target at 1.2733.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is falling. Today, the pair may be corrected to the downside and reach 1.0050. After that, the instrument may start another growth with the target at 1.0145.
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 112.95. Later, the market may start another correction towards 113.55.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached the target of the correction. Possibly, today the price may fall to break 0.7168 and then continue trading inside the downtrend with the short-term target at 0.7107.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating above 67.57. Possibly, the price may reach this target of this structure at 68.10 without any corrections. After that, the instrument may form another consolidation range. If later the pair breaks this range to the downside, the price may form one more descending structure to wards 65.60.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating around 1200.95. Today, the pair may start a new ascending impulse towards 1206.55 and then fall to return to 1200.95. Later, the market may start a new growth with the short-term target at 1212.55.
Brent is still trading downwards. Possibly, the pair may reach 63.89 and then start another correction to the upside towards 74.74. After that, the instrument may form one more descending structure with the target at 62.62.
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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