EURUSD, “Euro vs US Dollar”
EURUSD is falling towards 1.1600. After that, the instrument may grow to reach 1.172 and then form another descending structure with the short-term target at 1.1425.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has reached 1.3200. Today, the price may grow towards 1.3330, thus forming a new consolidation range. 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 1.3078.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has returned to 0.9922. Possibly, today the price may fall to reach 0.9844 and then grow towards 1.0020.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating above 109.78. Possibly, the pair may grow towards 110.55 and then fall with the target at 109.23. Later, the market may continue trading upwards to reach 110.10.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken 0.7389 and may continue falling to reach the short-term target at 0.7333. After that, the instrument may form another ascending structure towards 0.7470 and then resume falling with the target at 0.7286.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is trading upwards to reach 63.40. Later, the market may resume trading downwards with the target at 60.00.
XAUUSD, “Gold vs US Dollar”
Gold is moving downwards; it has broken 1257.00 and may continue falling to reach 1240.00. After that, the instrument may start another consolidation range near the lows. The price is expected to form a reversal pattern and start another correction with the target at 1304.00.
Brent is still consolidating around 75.00. Possibly, today the pair may grow towards 77.00 and then fall to return to 75.00. Later, the market may form another ascending structure to reach 77.40 and complete the correction. After that, the instrument may continue growing to reach 82.00.
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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