EUR USD, “Euro vs US Dollar”
The EUR/USD pair has completed the descending impulse along with the correction. Possibly, the price may form another descending structure as the third wave. The first target of this wave is at 1.0840. Later, in our opinion, the market may form another consolidation range, break it downwards, and then continue falling towards 1.0765.
GBP USD, “Great Britain Pound vs US Dollar”
Being under pressure, the GBP/USD pair is moving upwards. Possibly, the price may reach 1.2891 and then fall towards 1.2833. After that, the instrument may start growing to reach the upside border of the range at 1.2900.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has completed another ascending impulse along with the correction. We think, today the price may grow to break 0.9970. The first target is at 1.0000. After that, the instrument may be corrected to reach 0.9955 and then continue moving upwards with the target at 1.0050.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has completed the descending impulse along with the correction. Possibly, today the price may break the low of this impulse to the downside. The first target is at 109.97. Later, in our opinion, the market may be corrected towards 110.85 and then continue falling with the first target at 108.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has formed a downside continuation pattern and broke 0.7500; by now, it has finished the first descending extension. Possibly, the price may test 0.7500 from below and then fall to reach the local target at 0.7430. the main target of this wave is at 0.7400.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has broken its consolidation range to the upside. Possibly, the price may grow to reach 57.36. After that, the instrument may fall with the target at 55.50.
XAU USD, “Gold vs US Dollar”
Gold has formed another consolidation range at its lows and broken it upwards. Possibly, today the price may complete the correction at 1265.30 and then form another ascending structure with the target at 1276.80. Later, in our opinion, the market may resume moving downwards to reach 1257.95.
Brent has broken 53.00, but failed to continue growing; by now, it has already corrected the second ascending impulse. Possibly, the price may form the third impulse to reach 53.05. Later, in our opinion, the market may fall towards 52.50, thus forming another consolidation range. After breaking the range to the upside, the instrument may continue moving upwards with the target at 55.00.
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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