Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has returned to the center of the consolidation range and right now is moving inside the ascending channel to reach 1.0782 (an alternative scenario). The main scenario implies that the price may continue falling with the target at 1.0640 and then return to 1.0718.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is moving downwards to reach 1.2452. After that, the instrument may start growing towards 1.2560.
USD CHF, “US Dollar vs Swiss Franc”
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Being under pressure, the USD/CHF pair is falling towards 0.9925. Later, in our opinion, the market may start growing with the target at 1.0120.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is trading to rebound from 114.27. Possibly, the price may reach 115.50 and then continue falling inside the downtrend with the target at 112.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading to rebound from 0.7550 to the downside. Possibly, today the price may form another structure towards 0.7500 and then grow with the target at 0.7555. Later, in our opinion, the market may continue falling to reach 0.7400.
USD RUB, “US Dollar vs Russian Ruble”
In case of the USD/RUB pair, today the price may probably grow to reach 60.86. After that, the instrument may start falling with the target at 58.50.
XAU USD, “Gold vs US Dollar”
Gold is being corrected towards 1198.70. Later, in our opinion, the market may fall to reach 1179.50 and then start another correction to return to 1198.70.
BRENT
Brent is falling towards the triangle’s downside border. After that, the instrument may grow towards 44.20 and then fall to reach 53.00. However, if the price breaks the pattern’s upside border, the market may continue moving upwards 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.