Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
So far, the EUR/USD pair has completed only three structures of the correctional wave. An alternative scenario implies that today the price may continue the correction and form the fifth wave with the target at 1.0700. The main scenario suggests that the instrument may continue falling inside the downtrend to reach 1.0507.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has returned to the center of its consolidation range. An alternative scenario implies that the price may rebound from it and continue growing with the target at 1.2650. The main scenario suggests that the instrument may continue falling inside the downtrend to reach 1.2050.
USD CHF, “US Dollar vs Swiss Franc”
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So far, the USD/CHF pair has finished only three structures of the correction. An alternative scenario implies that today the price may continue the correction and form the fifth wave with the target at 0.9990. The main scenario suggests that the instrument may continue growing inside the uptrend to reach 1.0200.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is forming another consolidation range. After breaking it to the downside, the market may continue forming the third wave towards 106.11.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is falling towards 0.7533 and then expected to grow to reach 0.7563, thus forming another consolidation range. After breaking it to the downside, the price may continue falling with the target at 0.7400.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has broken 56.54. The local target is at 56.00. Later, in our opinion, the market may test 56.54 from below and then fall towards 55.50.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating. Possibly, the price may grow towards 1315. After that, the instrument may start falling to return to 1280.
BRENT
Brent is trading inside a narrow consolidation range. Possibly, the price may break it upside and continue moving inside the uptrend to reach 59.00.
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.
