Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has broken the low of its consolidation range and returned to 1.0868. We think, today the price may fall to break the lows. After breaking them, the market may continue falling inside the downtrend to reach 1.0720. An alternative scenario suggests that the instrument may be corrected towards 1.0949.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has broken its consolidation range to the downside; it has reached the local target and returned to the broken border of the range. Later, in our opinion, the market may continue falling with the target at 1.2812 and then start another growth to reach 1.2899.
USD CHF, “US Dollar vs Swiss Franc”
Free Reports:
The USD/CHF pair continues consolidating around 1.0071. If later the price breaks this consolidation range to the upside, the instrument may grow towards 1.0164; if to the downside – start another correction with the target at 1.0012 (an alternative scenario).
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is consolidating; it has expanded the range. Possibly, the price may form another ascending structure to expand the range to the upside. In fact, the instrument is expected to form the Diamond reversal pattern at the top of the ascending wave. The main scenario implies that the market may break the downside border of the range and continue falling inside the downtrend. The first target is at 112.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading below 0.7397. Possibly, the price may test this level from below once again. After that, the downtrend may continue. The target is at 0.7220.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair may grow to reach 57.56 today. After that, the instrument may fall towards 56.40 and then continue moving upwards with the target at 57.56.
XAU USD, “Gold vs US Dollar”
Gold is still forming the ascending impulse. Possibly, today the price may form the second structure towards 1233. Later, in our opinion, the market may continue moving downwards with the target at 1225 and then grow to reach 1235.
BRENT
Brent has reached the target of the ascending wave and right now is consolidating at the top of the wave. Possibly, the price may be corrected towards 48.82. If the market breaks this level to the upside, it may continue growing inside the uptrend with the target at 53.00.
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.