EURUSD, “Euro vs US Dollar”
EURUSD has reached the upside target and right now is consolidating around 1.1305. If later the instrument breaks this range to the upside, the price may continue the correction to reach 1.1389; if to the downside – continue trading inside the downtrend with the target at 1.1155.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has reached the upside target and right now is still trading upwards. Possibly, the pair may choose an alternative scenario and extend this structure towards 1.3121. Later, the market may resume falling with the target at 1.2977.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has reached the correctional target. Possibly, the pair may continue the correction towards 1.0018. After that, the instrument may start another growth with the target at 1.0075.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has broken 113.57. Today, the pair may continue falling with the first target at 112.95. Later, the market may return to 113.57 and then resume trading inside the downtrend to reach 112.55.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken 0.7230 upwards. Possibly, today the price may choose an alternative scenario and form one more ascending structure to reach 0.7300. After that, the instrument may resume trading inside the downtrend with the target at 0.7160.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has reached 68.10 and rebounded from it. Today, the pair may form a new consolidation range around 67.55. If later the price breaks it to the downside, the price may form one more descending structure with the short-term target at 66.25.
XAUUSD, “Gold vs US Dollar”
Gold has returned to 1216.50; so far, it’s a three-wave structure. Possibly, today the price may form a new descending structure towards 1206.97 and then grow to reach to 1217.70. Later, the market may start a new decline with the target at 1204.90.
Brent has competed the ascending impulse along with the correction. Today, the pair may trade upwards with the short-term target at 68.55. After that, the instrument may form one more descending structure towards 67.20 and then resume growing to reach the first target at 69.69.
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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