Article By RoboForex.com
Currency pair Pound to US Dollar is traded under pressure for descending. We consider the possibility of overlapping of level 1.3094. Next – returning to level 1.3287. Later we will consider possibility of continuation of descending trend and overlapping of level 1.2650.
Currency pair US Dollar-Franc is traded in momentum in the fifth growth structure to level 0.9920. Next in turn – descending to level 0.9800. Then – growth to level 1.0070.
Currency pair US Dollar-Yen today tries to stretch the growth structure to level 106.79. That structure is concidered only as alternative. Market may “fall down” in the next descending wave in any moment. The first target is on level 103.10.
Currency pair AUS Dollar-US Dollar broke channel of growth wave. We consider possibility of descending to level 0.7474. Later – returning to breakage level on 0.7575. Next in turn – descending along with trend toward the next target on level 0.7220.
Russian ruble continues to be traded under pressure for descending. Next target – on level 62.00. For oil market, descending is expected. And for Ruble, we consider possibility of correction to level 65.00 with prospect of growth to level 69.00. Then – descending along with trend to test level 60.00.
Gold is traded within narrow consolidated diapason. Market formed “Triangle”. Main scenario for today is breakage to the top and continuation of growth to level 1383. Later – descending to 1344. Then we will consider possibility of development of one more component of growth wave to level 1425. As alternative, we do not exclude effort of price outbreak to the down to overlap level 1313. Then – growth, continuation of trend to level 1383.
Article By RoboForex.com
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.