EURUSD, “Euro vs US Dollar”
EURUSD has finished the descending impulse along with the correction. Today, the price may form another descending impulse towards 1.2318. Later, the market may start another correction with the target at 1.2372.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed the descending impulse and right now is being corrected. Possibly, the price may reach 1.4195. After that, the instrument may fall towards 1.4000 and then start another growth with the target at 1.4075.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating in the center of the range. Possibly, today the price may grow towards 0.9514 and then fall to reach 0.9472. If later the instrument breaks this range to the upside, the market may grow to reach 0.9570; if to the downside – continue the correction with the target at 0.9393 and then resume moving inside the uptrend towards 0.9700.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating at the top of the ascending impulse. If later the instrument breaks this range to the downside, the market may start another correction to reach 105.03; if to the upside – resume growing with the short-term target at 106.67.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating; it has reached a new low and right now is trading towards the center of the range. Possibly, today the price may reach 0.7714 and then resume falling with the target at 0.7639. Later, the market may grow to reach 0.7714 at least and then continue falling inside the downtrend with the short-term target at 0.7563.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still being corrected and forming the Flag pattern. Possibly, the price may reach 57.51. After that, the instrument may move downwards to break 56.56 and then continue falling inside the downtrend towards with the short-term target at 55.50.
XAUUSD, “Gold vs US Dollar”
Gold has finished the descending impulse along with the correction. Possibly, today the price may form another descending impulse towards 1331.00 and then start another correction to reach 1339.00.
Brent is moving downwards. Today, the price may be corrected towards 68.50 and then grow to reach 71.31. All these structures are parts of the third wave with the target at 72.00. Later, the market may start another correction towards 67.85.
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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