Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is falling towards 1.0620 and then may try to grow to reach 1.0660. After that, the instrument may continue falling inside the downtrend with the target at 1.0500. An alternative scenario implies that the market rebound from 1.0620 and then form one more ascending structure with the target at 1.0700.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is consolidating again. Possibly, today the price may fall towards 1.2125 and then start another correction to reach 1.2300. Later, in our opinion, the market may continue moving downwards with the target at 1.2040.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair is forming the first ascending impulse. Possibly, today the price may be corrected to reach 1.0072. After that, the instrument may grow towards 1.0112.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is forming another ascending structure to reach 115.64. Later, in our opinion, the market may fall with the target at 114.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has broken the ascending channel. Possibly, today the price may continue falling inside the downtrend and form the fifth wave towards 0.7474.
USD RUB, “US Dollar vs Russian Ruble”
Being under pressure, the USD/RUB pair is falling. Possibly, the price may fall to reach 58.26 and then start growing with the target at 60.69.
XAU USD, “Gold vs US Dollar”
Gold is moving downwards to reach 1196.48. After that, the instrument may grow to reach 1220.00 and then fall towards 1200.00.
BRENT
Brent is trading above the broken consolidation range. Possibly, the price may reach a new low at 50.79. Later, in our opinion, the market may move upwards with the target at 54.45.
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.
