EUR USD, “Euro vs US Dollar”
Being influenced by the news, the EUR/USD pair has completed the fifth wave of the correction and reached 1.0740. At the moment, the market is consolidating at the top. Possibly, the price may form a reversal pattern. After breaking the channel of the fifth wave, the instrument may start falling to reach 1.0620.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has completed another structure and returned to 1.2300. Later, in our opinion, the market may break the channel of this ascending wave and start falling with the target at 1.2095.
USD CHF, “US Dollar vs Swiss Franc”
Being under pressure, the USD/CHF pair is still moving downwards. Possibly, the price may form another consolidation range. After breaking the range to the upside, the instrument may complete the descending wave. The upside target is at 1.0100.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair continues moving downwards. At the moment, the market is consolidating. Possibly, the price may expand this range towards 112.85. After that, the instrument may grow with the target at 114.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has reached the local target and right now is moving upwards. Possibly, the price may fall towards 0.7600 and then start another ascending structure to reach 0.7700.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is still trading above 58.60 and may grow to reach 59.70. Later, in our opinion, the market may fall to reach 58.26 and then start growing with the target at 60.70.
XAU USD, “Gold vs US Dollar”
Gold has broken its consolidation range to the upside and reached the local target. Possibly, today the price may fall towards 1212. After that, the instrument may form another ascending structure to reach 1230.
The market has opened with a gap up and Brent has broken 52.00. In fact, the instrument is growing towards 54.50. Possibly, today the price may consolidate around 52.00. After breaking the range to the upside, the instrument may grow to reach the first target. Later, in our opinion, the market may be corrected to return to 52.00.
RoboForex Analytical Department
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.