EURUSD, “Euro vs US Dollar”
EURUSD is forming descending structure with the target at 1.1670. After that, the instrument may grow towards 1.1720 and form another consolidation range between these two levels. If later the pair breaks this range to the upside, the market may be corrected to reach 1.1750; if to the downside – resume falling inside the downtrend with the target at 1.1550.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed the ascending structure along with the correction. Today, the price may grow to break the top of this impulse. The target is at 1.3477. Later, the market may fall towards 1.3344, break it, and then continue falling inside the downtrend towards 1.3212.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still being corrected. Possibly, today the price may grow to reach 0.9963 and then fall towards 0.9872. After that, the instrument may resume growing with the target at 1.0100.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating near the lows. If later the pair breaks this range to the upside, the market may start another growth to reach 110.45; if to the downside – resume falling inside the downtrend with the target at 108.77. After that, the instrument may trade to reach 109.25 and then fall towards 107.82.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still forming the third ascending wave. Today, the price may reach the short-term target at 0.7646. Later, the market may resume falling to return to 0.7546.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is also forming the third descending wave. Possibly, today the price may consolidate and fall to reach 60.85. After that, the instrument may break the range to the downside and fall with the short-term target at 58.98.
XAUUSD, “Gold vs US Dollar”
Gold has returned to the center of the fifth descending wave. Today, the price may fall towards 1292.00 and then grow to reach 1298.00, thus forming another consolidation range. If later the instrument breaks this range to the downside, the market may continue falling inside the downtrend with the target at 1270.00.
Brent is still consolidating. Possibly, the price may fall towards 78.00 and then grow to reach 79.00. Later, the market may form another descending structure with the target at 77.20 and then resume growing towards 81.10.
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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