EUR USD, “Euro vs US Dollar”
The EUR/USD pair is consolidating. We think, today the price may fall towards 1.0820 and then return to 1.0870. Later, in our opinion, the market may break this range to the downside and fall to reach 1.0737. the local target is at 1.0784.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still consolidating without any particular direction. Possibly, today the price may continue falling to reach 1.2772 and then start another growth to return to 1.2820. After breaking the range downwards, the market may reach 1.2600.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is consolidating. Possibly, today the price may fall towards 0.9925 and then grow to reach 1.0000. After that, the instrument may be corrected towards 0.9955 and then continue moving upwards with the target at 1.0100.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is also consolidating. Possibly, today the price may form another descending structure with the target at 109.41. Later, in our opinion, the market may grow towards 110.00 and then start another decline to reach 108.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has broken its ascending channel to the downside. Possibly, today the price may fall towards 0.7500. Later, in our opinion, the market may start consolidating. After breaking this consolidation range to the downside, the instrument may continue falling inside the downtrend with the target at 0.7420.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating at 56.00. According to the main scenario, the price may fall towards 55.44 and complete this descending wave. After that, the instrument may form another consolidation range with a reversal pattern. The market is expected to start a new correction with the target at 61.03.
XAU USD, “Gold vs US Dollar”
Gold is consolidating as well. Possibly, today the price may grow towards 1283 and then fall to reach 1277. If later the market breaks this range to the upside, the instrument may grow towards 1312; if to the downside – continue the correction with the target at 1255.
Brent has failed to continue its growth and right now is moving towards 51.81. Possibly, the price may complete this structure and then break the descending channel to the upside. The first target is at 55.00. Later, in our opinion, the market may be corrected towards 53.40.
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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