EURUSD, “Euro vs US Dollar”
EURUSD is still growing. Possibly, today the price may reach 1.1672. After that, the instrument may grow towards 1.1726 and then fall to reach, thus forming a new consolidation range with a reversal pattern. The next downside target is at 1.1425.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating above 1.3200. Today, the price may grow to reach 1.3333 and then return to 1.3200. If later the pair breaks this range to the upside, the market may continue the correction to reach 1.3434 (an alternative scenario); if to the downside – resume falling with the target at 1.3080.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still being corrected. Possibly, today the price may reach 0.9850 and then grow towards 0.9916. After that, the instrument may form another descending structure with the target at 0.9842 and then continue trading upwards to reach 1.0020.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading to break 109.44; the target is at 108.90. Later, the market may continue trading downwards with the short-term target at 108.64.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is forming the fifth wave of the descending structure; the target is at 0.7286. Possibly, the pair may be corrected towards 0.7465 and then resume falling to complete this wave.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still falling with the target at 62.56. After that, the instrument may form another ascending structure to reach 63.40. Later, the market may resume trading downwards to break 62.00 and then continue falling with the target at 59.95.
XAUUSD, “Gold vs US Dollar”
Gold is moving downwards. Today, the price may fall to break 1260.00 and then continue trading downwards to reach 1240.00. After that, the instrument may start another correction with the target at 1304.00.
Brent is still consolidating around 74.66. Possibly, today the pair may grow towards 76.35 and then fall to return to 74.66, thus forming a new consolidation range. If later the pair breaks this range to the upside, the market may continue growing to reach 77.00; if to the downside – trade downwards with the target at 71.80.
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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