Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has broken the consolidation range to the downside. Possibly, today the price may form another descending structure to reach 1.0650. After that, the instrument may grow towards 1.0707 and then and then continue falling with the target at 1.0640.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is moving downwards to reach 1.2415. Possibly, today the price may form the first structure of this wave with the target at 1.2470. After that, the instrument may test 1.2550 from below and then continue falling towards 1.2415.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair is consolidating. Possibly, today the price may break this range to the upside and expand it towards 1.0080.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is consolidating. Possibly, the price may grow with the target at 115.50 and then fall to reach 114.26. After that, the instrument may grow towards 116.00.
AUD USD, “Australian Dollar vs US Dollar”
Being under pressure, the AUD/USD pair is moving downwards. The price is expected to reach 0.7500. Possibly, today the price may fall towards 0.7510 and then grow with the target at 0.7555. Later, in our opinion, the market may continue falling to reach 0.7500.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has returned to 60.40. Possibly, today the price may start falling to reach 58.78.
XAU USD, “Gold vs US Dollar”
Being under pressure, Gold is moving downwards; it has reached the target of the descending movement. Possibly, today the price may continue falling and extend this structure towards 1172. After that, the instrument may be corrected to reach 1196 and test it from below. Later, in our opinion, the market may form another descending structure with the target at 1100.
BRENT
Brent has completed another ascending structure; it has reached the triangle’s upside border. Possibly, today the price may rebound downwards and start falling to reach 55.00. This structure may be considered as a part of the wave with the target at 53.05.
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.