The EUR/USD is trading within a consolidation range near 1.1762. Today, it may go up to 1.1793, within the diamond pattern. Then, the pair is likely to leave this range and go down to reach the target at 1.1725. and then, once a breakout occurs, to go further to 1.1660, i.e. a local target.
The GBP/USD has exited the 5-wave correction pattern and may now start falling to 1.3030, which is going to be the first target.
The USD/CHF is correcting; today, the pair may reach 0.9631 and test it from above. Then, a rise to 0.9682 is possible, i.e. a local target.
The USD/JPY has completed its rising pattern and may now start correcting, with the first target at 112.32.
The AUDUSD got inside the first downward impulse, and then corrected. Today, the third downward wave may take the pair to 0.7200.
The USD/RUB has entered the consolidation range and is trading near its lows. Today, it may start going up. After breaking out at 65.95 the first correction phase may start, with the target at 66.60.
Gold may probably rise to 1206.70, but then is likely to fall till 1190.20.
Brent crude reached the strategic uptrend target and may now start consolidating near its highs. In case a breakout occurs, the price may start correcting to 80.25.
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.
Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions