EUR USD, “Euro vs US Dollar”
The EUR/USD pair has broken 1.1980 and is still falling inside the third wave towards 1.1855. We think, today the price may reach the predicted target at 1.1855. After that, the instrument may grow towards 1.1928 and then fall to reach 1.1830. the target of the third wave is at 1.1670.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has finished the descending impulse along with the correction. Possibly, today the price may break 1.3444 to the downside. The target of the descending wave is at 1.3222.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has broken the range to the upside and right now is forming the third ascending structure towards 0.9817. After that, the instrument may be corrected to reach 0.9700 and then continue growing with the predicted target at 0.9841.
USD JPY, “US Dollar vs Japanese Yen”
Being under pressure, the USD/JPY pair is moving upwards. Possibly, the price may reach 112.90. Later, in our opinion, the market may continue falling with the target at 111.23.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is forming another descending wave. We think, today the price may reach 0.7982. After that, the instrument may grow towards 0.8040 and then fall with the target at 0.7929.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has broken the ascending channel to the downside and right now is trading to reach 57.48. Later, in our opinion, the market may grow towards 57.84 and then resume falling with the target at 56.55.
XAU USD, “Gold vs US Dollar”
Gold has rebounded from 1315 and started trading to the downside. The next target is at 1294. After that, the instrument may return to 1315 and then resume falling towards 1284.
Brent has broken its consolidation range to the upside and may continue growing towards 56.22, which is considered as the main level for the entire wave. Later, in our opinion, the market may break it to the downside and start another consolidation range to reach 51.00.
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.
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