EURUSD, “Euro vs US Dollar”
EURUSD hasn’t been able to fix below 1.2360 and right now is still consolidating. Possibly, the price may choose an alternative scenario, according to which it may grow towards the upside border of the Triangle pattern at 1.2420. After that, the main scenario implies that the instrument may fall to reach 1.2290, break it, and then continue trading to the downside with the target at 1.2160.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed the correction and right now is forming the third descending impulse with the target at 1.4110. Later, the market may be corrected upwards to reach 1.4242.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has completed the ascending wave and right now is consolidating at the top of it. If later the instrument breaks this range to the downside, the market may continue falling to reach 0.9590; if to the upside – start another growth with the target at 0.9790.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has reached the target of the ascending impulse. Possibly, today the price may continue trading to the downside to reach the short-term target at 106.45.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is moving upwards. Today, the price may choose an alternative scenario, according to which it may extend this structure towards 0.7840. After that, the instrument may form another descending wave with the target at 0.7680.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 61.60. If later the instrument breaks this range to the downside, the market may continue falling to reach 58.38; if to the upside – start another growth with the target at 63.50.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating above 1348.0. If later the market breaks this range to the upside, the instrument may choose an alternative scenario and continue growing to reach 1358.00; if to the downside – resume moving downwards with the target at 1328.00.
Brent has broken its consolidation range to the upside and has almost reached the target at 74.00. Possibly, today the price may form another consolidation range at the top. If later the instrument breaks this range to the downside, the market may start another correction to reach 68.00; if to the upside – extend the current wave towards 75.88.
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.