EURUSD, “Euro vs US Dollar”
Being influenced by the negative fundamental background related to the European Central Bank, EURUSD has plummeted and right now is still moving downwards. Possibly, today the price may reach 1 .1540 and then grow towards the short-term target at 1.1420. In fact, the instrument is expected to continue falling inside the downtrend.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has broken 1.3300 downwards and is still falling inside the downtrend. The first target is at 1.3170. After that, the instrument may return to 1.3300 and then start another decline with the short-term target at 1.3022.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has reached the predicted target of the third ascending structure. Today, the price reach 0.9988 and then resume falling towards 0.9900. Later, the market may continue growing with the first target at 1.0020.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has rebounded from 109.97. Possibly, the price may grow to reach 111.11 and then continue this decline with the first target at 109.58.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken 0.7540 downwards and may continue trading to the downside to reach the target at 0.7450. Possibly, today the price may form a new ascending structure towards 0.7483 and then resume falling to reach the above-mentioned target. After that, the instrument may start another correction towards 0.7515 and then continue falling inside the downtrend to reach 0.7400.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving downwards. Possibly, the price may reach 61.57 and then grow towards 62.35. After that, the instrument may continue trading to the downside with the short-term target at 60.00.
XAUUSD, “Gold vs US Dollar”
Gold has reached all upside targets and broken the high of the Flag correctional pattern. Today, the price may fall to reach 1288, break it, and then continue trading to the downside to reach the short-term target at 1266.00.
Brent is still consolidating. Possibly, today the price may reach 75.55. Later, the market may form a new ascending structure to reach 76.85, break it, and then grow with the first target at 78.30.
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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