The euro has broken out the consolidation range against the dollar and is now rising to the target at 1.1794. It may first fall to 1.1765, then rise to 1.1794, but then again fall to 1.1740.
The GBP/USD is still trading higher. The pair is likely to reach 1.3316, then fall down to 1.3228, and then, after breaking it out, may go further down to 1.3025, which is going to be the first target.
The USDCHF went below the consolidation range and is now downtrending at around 0.9570. Today, it may correct upwards to 0.9596, and then fall till 0.9570. After that, the pair is likely to rise, reaching 0.9666, which is going to be the first target.
The pair is being pushed upwards; It may first fall to 112.46, and then rise to 112.90. After that, it may go back to 111.55 again, which is going to be the first target.
The USDAUD is being pushed upwards, and may soon reach 0.7320, but then is likely to fall till 0.7230, which is going to be the first target.
The pair is being pushed down, with the local target at 66.00. Today, it may correct upwards to 66.96, then is likely to fall till 66.00, go back to 68.00, and, finally, go down to 65.65, which is going to be the first target.
The yellow metal is no longer consolidating, and might reach $1,208. However, a more likely scenario is going down and reaching $1,186.20.
Brent crude is trading within a consolidation near $79.15. Today, the price is inside a rising pattern near the upper range boundary. If it continues rising, the price may go up towards $80.50, which is a local target. In case it breaks out the range and goes down, the price may correct to 78.00, but then again is likely to take $80.50.
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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