In EURUSD, the major trend is descending; today, 1.1575 may be reached, which is just a half of the whole falling potential. The local target is at 1.1420. After that, the pair is likely to rise, reaching 1.1530, and then fall till 1.1360.
The pound has reached its local downtrend target. Today, it may go ahead to reach $1.3150. After that, the pair is likely to head down again, reaching 1.2950.
The USD/CHF continues uptrending. Today, it may go ahead to reach $1.0120, and then fall till 1.0000. After that, it may rise back to $1.0200 again.
The yen has reached its first upward range extension, while the price once returned to the broken out level at 112.69. Today, it may go ahead to reach 113.17, and then fall till 112.69.
The AUD is trading within Wave 5 against the greenback, and is going to fall at least to 0.7285. Today, the price may fall to 0.7314, and then rise to 0.7377, after which the pair will try to reach its major target.
The Russian ruble reached its correction target; today, it may fall to 62.25, and then, once a breakout occurs, go further down to 61.61.
The yellow metal is still under pressure and falling down, with a new target at $1,218, and another possible one at $1.205. All falling patterns are just signals of the downward wave being extended.
Brent crude is trading within a consolidation range near $71.85; today, it may fall to $68.22, and then rise to $71.80. After that, the crude is likely to head down again, reaching $68.00. This is basically a 5-wave correction flag, which, when fully formed, may push the price higher to $82.00.
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.
Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions