EURUSD, “Euro vs US Dollar”
EURUSD is still consolidating around 1.2320 and may expand this range upwards to reach 1.2400. After that, the instrument may resume moving downwards with the target at 1.2200.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating at the top of the ascending structure. Possibly, today the price may reach 1.4180 and the start another decline towards 1.4040. Later, the market may continue growing with the target at 1.4126.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating at the top of the descending structure. Possibly, today the price may reach 0.9555, break it upwards, and then continue moving inside the uptrend with the target at 0.9650.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating near the lows. Today, the price may grow to reach 105.30, break it, and then continue the correction towards 106.50.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating near the lows. If later the instrument breaks this range to the upside, the market may start another correction to reach 0.7850; if to the downside – continue moving inside the downtrend with the target at 0.7560.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has finished the correction. Today, the price may continue falling inside the downtrend towards the short-term target at 55.80.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating at the top of the ascending structure. Possibly, today the price may break the downside border and move to reach the first target at 1337.00. The market is expected to start another descending wave to reach 1250.00.
Brent has broken the consolidation rage to the upside and may reach 71.30. After that, the instrument may be corrected towards 68.00 and then resume moving inside the uptrend with the short-term target at 72.00.
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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