The EUR/USD pair has formed a consolidation range on top of the rising wave and is trading to break through 1.1544 level from top downwards today. We'd consider the level 1.1510 to be worked out. Then the pair can move higher towards 1.1544. Then the price can lower to reach 1.1474.
The GBP/USD pair has formed a consolidation range on top of the rising wave. The market has broken its lower edge for a short time. We expect the price to move lower towards 1.2964. Then the pair can move higher to reach 1.3044. After that the price can lower towards 1.2900.
The USD/CHF pair is trading within a rising structure towards 0.9566. Then it can move down and reach 0.9552. After that the market can rise and reach 0.9600 level.
The USD/JPY pair is trading in within a new consolidation range at lows of the descending wave. For today we'd consider a possible upside move to break through 112.30 level. This correction move has 113.19 level as its target. Then a yet another descending wave can occur which may bring the price to 111.80.
The AUD/USD pair has worked out its target to break through the consolidation range from bottom upwards. For today, we'd consider a downside move towards 0.7783. Then the pair can rise to reach 0.7857.
The USD/RUB is tradiing within the consolidation range near the lows of the descending wave. The market has reached the target of the descending wave with downside elongation. The next move in our opinion is a correction move towards 59.94. It is not improbable that a compact continuation pattern to develop a downtrend occurs. The next target for the downward movemen is 57.77.
Gold keeps trading higher though under pressure. The 1260 level is expected to be worked out. Then a downward move towards 1233 can occur.
Oil keeps trading to develop a consolidation range around 49.00 level. If the price breaks through this range from bottom upwards, the level 50.20 can be achieved. If this range is broken through from top downwards, a correction towards 47.50 mark can occur. Then the price can move higher towards 50.20.
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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