Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has completed another descending impulse and right now is being corrected towards 1.0602. After that, the instrument may fall to break the low of the first impulse. The local target is at 1.0540.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has reached its target and started consolidating. If later the market breaks this consolidation range to the downside, the instrument may reach 1.2071; if to the upside – start another correction with the target at 1.2370. Later, in our opinion, the market is expected continue falling to reach the main target at 1.2071.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair is being corrected towards 1.0085. Later, in our opinion, the market may grow towards 1.0162 and then form another consolidation range. After breaking the range to the upside, the instrument is expected to continue growing to reach 1.0200.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has reached the target of the ascending wave. Possibly, today the price may form another consolidation range at the current highs and extend this structure towards 115.65. Later, in our opinion, the market may reverse and resume falling with the target at 111.10.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is consolidating. If later the market breaks this consolidation range to the upside, the instrument may be corrected to reach 0.7567; if to the downside – fall towards the main target at 0.7471.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is expected to continue growing towards 60.00. After that, the instrument may fall to reach 58.75 and then start growing with the target at 61.00.
XAU USD, “Gold vs US Dollar”
Being under pressure, Gold is still falling. Possibly, the price may reach the main target for the first wave at 1182. Later, in our opinion, the market may be corrected towards 1220.
BRENT
Brent is consolidating near the lows. Possibly, the price may grow to reach 54.45. After that, the instrument may fall towards 51.51 and then start another ascending movement with the target at 55.00.
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.
