Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Being under pressure, the EUR/USD pair is moving downwards. Possibly, today the price may reach 1.0633 and then return to 1.0673. After that, the instrument may fall towards 1.0614. If the market breaks 1.0610, it may continue its decline with the target at 1.0550.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has expanded its consolidation range to the upside and right now is moving downwards. Possibly, the price may expand the range to the downside as well, to reach 1.2450. If later the instrument breaks the range upwards, the market may continue growing and reach 1.2700; if downwards – fall with the target at 1.2344.
USD CHF, “US Dollar vs Swiss Franc”
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
The USD/CHF pair continues growing inside the uptrend. Possibly, today the price may reach 1.0040 and then form a correctional structure towards 0.9985. Later, in our opinion, the market may start another growth with the target at 1.0066.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has reached the first target of the ascending wave. Possibly, the price may be corrected towards 112.56 and then grow to reach the local target at 114.50. The main target of this wave is at 115.30.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is consolidating in the center of the range around 0.7642. Possibly, the price may fall to reach 0.7593 and then test 0.7620 from below. After that, the instrument may continue falling with the target at 0.7550.
USD RUB, “US Dollar vs Russian Ruble”
Being under pressure, the USD/RUB pair is moving downwards. Possibly, today the price may reach 58.54. Later, in our opinion, the market may be corrected with the target at 59.41.
XAU USD, “Gold vs US Dollar”
Gold has broken the channel of the fifth ascending wave. Possibly, today the price may continue falling inside the downtrend to reach 1211.60. After that, the instrument may be corrected towards 1230.00 to test it from below and then continue moving downwards with the target at 1275.00.
BRENT
Being under pressure, Brent is moving upwards. Possibly, the price may reach 56.50. Later, in our opinion, the market may fall towards the downside border of the consolidation range at 54.50.
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.
