EURUSD, “Euro vs US Dollar”
EURUSD has broken 1.1475 downwards without any corrections. Today, the pair may continue falling to reach 1.1400 and then start a new correction to return to 1.1475. After that, the instrument may resume trading inside the downtrend with the short-term target of the third wave at 1.1330.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still moving downwards to reach 1.2900. Possibly, today the price may fall towards 1.2940 and then start a new correction to reach 1.3000. Later, the market may start another decline to reach the short-term target of the third wave at 1.2900.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still consolidating around 0.9955. Today, the pair may grow to break the upside border at 0.9992 and then continue trading inside the uptrend towards the target at 1.0015. However, if the range is broken to the downside, the instrument may choose and alternative scenario and start a new correction to reach 0.9915 and then resume trading inside upwards to reach the above-mentioned target.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has broken the consolidation range to the upside and returned to 112.48. Possibly, today the price may form a new ascending structure with the short-term target at 113.00.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken the target of the descending wave; it has formed another consolidation range and broken it downwards. Possibly, the pair may extend the structure towards the main target of this descending wave at 0.7000.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still falling. Possibly, today the pair may fall towards 64.83 and then start another growth to reach 65.34. After that, the instrument may resume trading inside the downtrend with the target at 64.21.
XAUUSD, “Gold vs US Dollar”
Gold has completed the descending structure at 1220.00 and almost finished the consolidation range in the form of the Triangle pattern. Possibly, today the price may grow towards 1224.50 and then fall to reach 1217.00. According to the main scenario, the price may is expected to continue the fourth correctional wave with the target at 1200.50. However, the pair may choose and alternative scenario and continue growing to reach the pattern’s upside border at 1229.00 and then resume falling towards the downside one. If the instrument breaks this range to the downside, the price may resume falling towards 1200.50; if to the upside – resume trading inside the uptrend with the target at 1250.50.
Brent is forming another consolidation range around 79.69; it hasn’t been able to form another ascending structure and right now is trading downwards inside the third wave. Today, the pair may extend the current structure towards 78.35 and then start a new correction to reach 81.50. Later, the market may resume trading inside the downtrend with the first target at 77.37.
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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