The EUR/USD is trying to elongate the ascending wave. The market is being traded within the consolidation range above the 1.1187 level. If this range is broken through downwards, the pair can move lower to 1.1154. If the price breaks this range from the bottom upwards, 1.1223 level can be hit. At this point the ascending wave will be over. Then the price can move down towards 1.0970.
The GBP/USD pair is trading above the 1.2970 level. For today, we'd consider a growth leg towards 1.3051. Then the pair can lower towards 1.2700.
The USD/CHF pair is trading within the ascending structure towards 0.9762 level. Then the pair can perform a yet another descending move towards 0.9700. After that, the price can rise to 0.9930.
The USD/JPY pair is trying to break the descending channel. But the market hasn't completed the correction yet. For today, we'd consider the level 110.76 to be reached. Then the price can rise to 112.42.
The AUD/USD currency pair is being traded under the 0.7450 level. We consider a further rise towards 0.7390. For the time being, we consider this structure to be developed within a consolidation range. If the range is broken from top downwards, we expect the main wave to resume and reach 0.7200.
The USD/RUB pair suggests a consolidation range as the most probable scenario for today. If the pair breaks the level 56.81 downwards, the price can reach the 55.50 level. Then the price can rise towards 56.80 level. Afterwards, the pair can lower to 54.50.
Gold is being traded within the rising structure towards 1257.96. Then we'd expect a downside movement towards 1242.50. After that, the price can return to 1252.00. Therefore, the market is expected to develop a consolidation range within this movements. If the range is broken from top downwards, the pair can lower to 1214.50. If the price breaks this range from bottom upwards, a rise towards 1300.00 can be expected.
Oil has worked out its 1st target to widen the consolidation range from bottom upwards. For today, we'd consider a possible downside movement towards 53.00. Then the pair can rise to 54.75 within the 1st ascending wave along the trend. The main target is 59.90.
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