Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached the target of the descending structure and right now is forming the first ascending impulse with the target at 1.0630. After that, the instrument may fall to reach 1.0614, thus forming another consolidation range. If later the market breaks this consolidation range to the upside, it may grow to reach 1.0665; if to the downside – continue falling inside the downtrend with the target at 1.0566.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is being corrected to the upside with the target at 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 has completed the descending correctional structure. Possibly, the price may grow to reach 1.0118. After that, the instrument may fall towards 1.0090 and then start another ascending movement with the target at 1.0200.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is still consolidating and moving above 114.58. Possibly, today the price may form another ascending structure to reach 115.60. Later, in our opinion, the market may fall with the target at 114.58.
AUD USD, “Australian Dollar vs US Dollar”
Being under pressure, the AUD/USD pair is moving upwards. Possibly, today the price may try to form the Double Top pattern. After that, the instrument may continue falling towards 0.7474.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading above 58.60 and may grow to reach 59.70. Later, in our opinion, the market may fall to reach 58.26 and then start growing with the target at 60.70.
XAU USD, “Gold vs US Dollar”
Gold is consolidating near its lows. If later the market breaks this consolidation range to the upside, the instrument may be corrected to reach 1215; if to the downside – continue falling inside the downtrend with the target at 1172.
BRENT
Brent is consolidating near its lows as well. Possibly, today the price may rebound from the center of the range. After breaking 52.00 to the upside, the instrument may grow to reach the local target at 53.40. The main target of this wave is 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.