EURUSD, “Euro vs US Dollar”
EURUSD is forming the second descending impulse. Possibly, today the pair may update 1.1680 and then grow towards 1.1700. After that, the instrument may form another descending structure to reach the first target at 1.1675 and then return to 1.1700, thus forming another consolidation range at the top. Later, the market may break the range to the downside and continue falling inside the downtrend with the target at 1.1480.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating around 1.2863. Possibly, the pair may grow to reach 1.2955. According to the main scenario, the price may fall to break 1.2777 and then continue trading to the downside with the target at 1.2600.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is moving upwards and forming a new consolidation range to break the descending channel. The target is at 0.9787. Later, the market may fall to reach 0.9766 and then resume growing with the target at 0.9850.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating. Today, the price may form a new ascending structure towards 111.36 and then fall to reach 111.15, thus forming another consolidation range. If the instrument breaks this range to the downside, the price may resume falling to reach 110.60; if to the upside – continue growing with the target at 111.66.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating. If the instrument breaks this range to the downside, the price may start another decline to reach 0.7287; if to the upside – resume growing towards 0.7373.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 67.41. Possibly, today the pair may fall to reach 66.50 and may form a new ascending structure with the target at 67.40. After that, the instrument may resume falling towards 65.75.
XAUUSD, “Gold vs US Dollar”
Gold has reached the target of the first descending wave, which may be considered as the start of a new correction towards 1186.20. Today, the price may fall to reach 1193.03 and then grow towards 1200.00. Later, the market may resume trading to the downside to return to 1186.20.
Brent is moving downwards with the first target at 75.50. After that, the instrument may start another growth to reach 76.30 and then resume falling towards 73.55.
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.