Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached another high, expanded the consolidation range to the upside, and may yet continue growing towards 1.1500. Taking into account that the market has already reached the targets of the ascending wave, it may start plummeting at any moment. Possibly, the pair may grow and try to reach 1.1492 (alternative scenario). According to the main scenario, the instrument is expected to move downwards with the first target at 1.1388.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is consolidating near the lows of the descending wave. Possibly, today the price may grow to reach 1.2890 and then return to 1.2845, thus defining the borders of this consolidation range. If later the instrument breaks this channel to the upside, the market may start another correction to reach 1.2935; if to the downside – falling with the target at 1.2817 and then start the above-mentioned correction.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair has extended the correction downwards. We think, today the price may grow to reach 0.9643. After that, the instrument may break the above-mentioned level and then continue growing towards 0.9676 or even extend this wave to reach 0.9700.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has finished the descending impulse. We think, today the price may be corrected towards 113.89 and then continue falling with the target is 112.70.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is attempting to extend the correction towards 0.7670. Later, in our opinion, the market may fall to break 0.7550. The target is at 0.7400.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating at the top of the ascending wave. Possibly, today the price may break the downside border of this consolidation range and reach 59.70. After that, the instrument may be corrected with the target at 60.00 and then continue falling inside towards 58.57.
XAU USD, “Gold vs US Dollar”
Gold has broken the consolidation channel upwards and may yet continue growing to reach 1228.77. Possibly, the market may be corrected towards 1217.00 and then move upwards with the target at 1252.00.
BRENT
Brent has also broken the consolidation range to the upside and may grow to reach 48.60. Later, in our opinion, the market may be corrected towards 47.5 and then start another growth with the target at 50.30.
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.
