EURUSD, “Euro vs US Dollar”
EURUSD is consolidating around 1.1288. If later the price breaks the range to the upside, the instrument may extend the structure towards 1.1339; if to the downside – start another correction with the target at 1.1264.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating around 1.2697. According to the main scenario, the instrument is expected to form a new descending structure to break 1.2671 and then continue trading inside the downtrend with the first target at 1.2616.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has the daily descending structure. Today, the pair may form one more ascending structure with the predicted target at 0.9915. After that, the instrument may be corrected towards 0.9853 and then start a new growth to reach 1.0040.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has finished another descending structure of the third wave to the downside at 107.40. Possibly, today the pair may consolidate near the lows and even update 106.99. If later the price breaks the range to the upside, the instrument may form one more ascending structure with the first target at 107.85.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has finished the correctional structure of Flag pattern. Today, the pair may fall towards 0.6881 and then start another growth to reach 0.6911. Later, the market may form a new descending structure with the target at 0.6829.
USDRUB, “US Dollar vs Russian Ruble”
There was a gap down during the market opening and USDRUB is still trading downwards; it has already completed the structure with the short-term target at 62.92. Possibly, the pair may be corrected towards 63.87 and then resume trading inside the downtrend with the key target of the third descending wave at 62.77.
XAUUSD, “Gold vs US Dollar”
Gold has almost completed the extension of the daily ascending structure. Possibly, today the pair may consolidate close to the highs. If the price breaks the range to the downside, the instrument may form a new descending structure with the first target at 1374.85. Later, the market may grow towards 1393.33 and then resume trading downwards with the short-term target at 1339.20.
After breaking 64.10, Brent is still trading upwards; right now, it is forming a continuation pattern right where it broke the descending channel. Today, the pair may grow with the short-term target at 66.60. After that, the instrument may start a new correction to return to 64.10 and then continue growing with the first target at 67.70.
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.