EURUSD, “Euro vs US Dollar”
EURUSD couldn’t grow any higher than 1.1825; however, by now it has completed the descending impulse towards 1.1770, broken its low, and right now is forming a downside continuation pattern. Possibly, today the price may continue falling to reach the short-term target at 1.1729. After that, the instrument may grow to return to 1.1760 and then resume falling inside the downtrend to reach 1.1695.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is moving downwards. Today, the price may reach 1.3350 and then start another correction towards 1.3470, at least. Later, the market may resume falling with the target at 1.3260.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has completed the descending correctional structure. Today, the price may grow to reach 1.0000 and then fall towards 0.9955. After that, the instrument may resume growing with the target at 1.0088.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed the descending structure at 110.40. Possibly, today the price may grow to reach 111.16, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may start another growth to reach 111.95; if to the downside – continue the correction with the target at 110.00
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has been corrected towards 0.7545. Today, the price may form the fifth structure of the third wave. The target is at 0.7645. After that, the instrument may resume falling to return to 0.7545.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving downwards. Today, the price may reach 60.30, break it, and then continue forming the third descending wave with the short-term target at 58.98.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating around 1292.00. If later the instrument breaks this range to the upside, the market may start another growth to reach 1302.00; if to the downside – resume falling inside the downtrend with the target at 1270.00.
Brent is still consolidating above 78.00. Possibly, the price may test this level from above. If later the instrument breaks this range to the upside, the market may resume growing to reach 82.00; if to the downside – start another correction with the target at 76.00.
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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