Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached the first downside target. We think, today the price may be corrected towards 1.0943 and then fall with the predicted target at 1.0800. After the market breaks 1.0860 and forms another continuation pattern, the target will be specified.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has completed the descending structure, which may be considered as a correction; it has already returned to 1.2950 and formed another consolidation range. If later the price breaks this consolidation range to the upside, the instrument may grow towards 1.3012; if to the downside – continue falling with the target at 1.2750.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair has reached the predicted upside target. Possibly, today the price may be corrected towards 1.0000. Later, in our opinion, the market may grow to reach 1.0096. This is only the first half of the ascending wave.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is being corrected to the downside towards 113.28. After that, the instrument may grow towards 114.48 and then fall with the target at 113.28.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trying to continue forming its consolidation range. Possibly, the price may grow towards 0.7400 to test it from below. Such scenario should be considered only as an alternative one. The main scenario remains the same and implies that the downtrend may continue. The target is at 0.7200.
USD RUB, “US Dollar vs Russian Ruble”
After the market opening, the USD/RUB pair is expected to reach 57.56. After that, the instrument may grow with the target at 59.43.
XAU USD, “Gold vs US Dollar”
Gold has reached the local downside target. We think, today the price may be corrected towards 1235 (at least) or even 1255. Later, in our opinion, the market may continue moving downwards with the target at 1212.
BRENT
Brent is being corrected. Possibly, the price may form the Flag pattern with the target at 48.48. After that, the instrument may form another ascending structure towards 51.00 and then fall to reach 43.43.
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.
