EUR USD, “Euro vs US Dollar”
The EUR/USD pair is trading to rebound from 1.1791. If the instrument fall towards 1.1724 and breaks it, the market may continue falling inside the downtrend with the target at 1.1650. On the other hand, if the price moves upwards and breaks this range, the instrument may reach 1.1800 and then resume falling towards 1.1650.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still moving downwards. We think, today the price may consolidate around 1.3115. If later the instrument breaks this range to the downside, the market may form another descending structure to reach the local target at 1.3006 and then start another correction to return to 1.3115.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is still moving upwards with the local target at 0.9940. Later, in our opinion, the market may start another correction with the target at 0.9840 and then resume growing to reach 0.9990.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is trading above 113.56. Possibly, today the price may continue growing towards 115.00 and then form a new consolidation range at the top of the ascending wave. After that, the instrument may break the range to the downside and start another descending wave. The first target is at 111.24.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is forming the fifth descending wave with the target at 0.7707. We think, today the price may reach 0.7717 and then start another correction towards 0.7797. Later, in our opinion, the market may continue falling inside the downtrend to reach the main target.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trying to reach 57.87. However, according to the main scenario the price is still expected to continue falling inside the downtrend towards the local target at 56.65. After that, the instrument may be corrected to reach 57.54 and then fall towards the main target at 56.55.
XAU USD, “Gold vs US Dollar”
Gold is trading to break the consolidation range downwards. Possibly, today the price may reach 1252 and then start another correction towards 1279. Later, in our opinion, the market may resume falling with the target at 1239.
Brent is trading to break 58.25 upwards and may later reach 59.05. After that, the instrument may start another correction to return to 58.25 and then resume growing to reach the local target of the fifth ascending wave at 59.50.
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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