EURUSD, “Euro vs US Dollar”
EURUSD has broken the consolidation range to the downside, expanded it, and reached the first target. Possibly, today the price may grow to break 1.2238 and then fall towards the short-term target at 1.1975.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has expanded its consolidation range to the downside and reached 1.3920. Today, the price may grow towards 1.3974 and then resume moving downwards with the short-term target at 1.3600.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is moving upwards. Possibly, the price may fall to reach 0.9733 and then start another growth with the short-term target at 0.9898.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has broken its consolidation range upwards and is still trading to the upside; it has reached the short-term target at 108.83. Possibly, today the price may start another consolidation range near the highs. If later the instrument breaks this range to the downside, the market may fall to reach 107.83; if to the upside – continue trading to the upside towards 109.85.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken its consolidation range downwards and right now is still forming the descending wave with the target at 0.7570. Today, the price may form a new ascending structure towards 0.7625. Later, the market may resume moving downwards to reach 0.7570.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 61.50. Possibly, today the price may fall to reach 61.16, thus forming another consolidation range. If later the instrument breaks this range to the downside, the market may continue trading to the downside to reach 58.15; if to the upside – resume growing towards 63.00.
XAUUSD, “Gold vs US Dollar”
Gold has broken 1332.00 downwards. Today, the price may form another ascending structure to reach 1329.00 and then resume moving downwards with the short-term target at 1308.00.
Brent has broken 74.00 upwards and is still moving upwards. Possibly, today the price may reach 75.00 and then fall to return to 74.00. After that, the instrument may continue growing with the target at 75.88.
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.