Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is growing towards 1.0707. After that, the instrument may fall to reach 1.0630, thus continuing the current consolidation. If later the market breaks this consolidation range to the upside, the price may start another growth towards 1.0826; if to the downside – fall with the target at 1.0330.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is growing towards 1.2394. Later, in our opinion, the market may fall to reach 1.2185.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair has broken the channel of the ascending wave and right now moving downwards. Possibly, today the price may fall to reach 1.0020 and then grow with the target at 1.0050. If later the market breaks this consolidation range to the downside, the instrument may fall towards 0.9920; if to the upside – start another growth with the target at 1.0400.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has completed the descending impulse. Possibly, today the price may form the fifth wave to reach 112.00. After that, the instrument may return to 115.50.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has completed another ascending structure and finished this wave. Later, in our opinion, the market may continue falling inside the downtrend towards 0.7360. The first target is at 0.7490.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is still consolidating. Possibly, today the price may grow towards 60.45 and then fall to reach 58.90. If later the market breaks this consolidation range to the downside, the instrument may reach 58.00; if to the upside – grow with the target at 62.00.
XAU USD, “Gold vs US Dollar”
Gold has finished the descending wave and the correction. Possibly, today the price may break 1195 to the downside. The target is at 1170. An alternative scenario suggests that the market may continue consolidating at the top and reach 1218. After that, the instrument may continue falling inside the downtrend.
BRENT
Brent is consolidating in the center of the range. Possibly, the price may break the range downwards and reach 53.00, thus completing the correction. Later, in our opinion, the market may start growing to form the fifth wave with the target at 59.90.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
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.
