EURUSD, “Euro vs US Dollar”
EURUSD has rebounded from 1.1432 and broken the downside border of the range; it has almost formed a downside continuation pattern. The target of the current descending wave is at 1.1238. Possibly, today the pair may fall to reach the target at 1.1300 and then test 1.1330 from below. Later, the market may resume falling inside the downtrend.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has rebounded from 1.2815 and broken the range downwards. Possibly, the pair may continue the downtrend towards 1.2600.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is forming another ascending impulse with the target at 0.9980. Later, the market may form a new consolidation range, break it to the upside, and then continue growing with the short-term target at 1.0060.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still moving upwards. Possibly, the pair may form another ascending structure to reach 111.66. After that, the instrument may resume trading inside the downtrend with the target at 110.50.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken 0.7275 and formed a downside continuation pattern. Today, the price may reach 0.7100.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still forming the first descending wave. Possibly, today the pair may fall to reach 65.74 and then grow towards 67.00. Later, the market may resume falling inside the downtrend with the target at 64.00.
XAUUSD, “Gold vs US Dollar”
Gold has broken 1192.00 and may continue falling inside the downtrend towards 1169.00. Today, the price may form a new descending structure to reach 1184.00 and then grow to return to 1192.00. After that, the instrument may resume trading downwards.
Brent has completed the first ascending impulse along with the correction. Possibly, today the pair may form the second impulse towards the short-term target at 75.85. Later, the market may be corrected to reach 73.85.
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.
Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions