EURUSD, “Euro vs US Dollar”
EURUSD has reached the target of the third descending wave; right now, it is forming the first correctional structure with the target at 1.1418. Later, the market may fall towards 1.1399 and then grow to reach 1.1438. After that, the instrument may test 1.1418 from above, rebound from it, and ten form one more ascending structure with the target at 1.1462.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed another descending wave at 1.2688, but then quickly returned to 1.2888. Possibly, today the pair may fall to reach 1.2788, thus forming a new consolidation range. If the instrument breaks this range to the upside, the price may continue trading upwards with the target at 1.2950; if to the downside – resume trading inside the downtrend towards 1.2788.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has reached the short-term upside target. Today, the pair may fall to reach 0.9845 and then continue trading inside the uptrend with the target at 0.9975.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating around 108.17. If the instrument breaks 108.64 to the upside, the price may continue trading inside the uptrend with the target at 109.31; if 108.15 to the downside – start a new decline towards 105.95.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating around 0.7194. According to the main scenario, the pair is expected to fall towards 0.7129 and then start a new growth to reach 0.7230. Later, the market may be corrected with the target at 0.7020.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still trading around 66.98 without any particular direction. Possibly, today the pair may expand the range towards 66.50 and then grow to reach 66.90. If the instrument breaks this range to the upside, the price may start a new correction with the target at 68.15; if to the downside – resume trading inside the downtrend towards 64.95.
XAUUSD, “Gold vs US Dollar”
Gold is still consolidating at the top around 1288.55. Possibly, the pair may expand the range towards 1297.60 and then resume falling to reach 1282.22. Later, the market may form one more ascending structure to reach 1300.00 and then start a new decline with the first target at 1276.50.
Brent is trading upwards. Possibly, the pair may extend this ascending structure towards 60.97 and then complete the correction by falling and reaching 57.66. After that, the instrument may resume growing with the first target at 64.34.
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.