Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is still consolidating around 1.1718. Possibly, today the price may fall towards 1.1718, break it, and then continue moving downwards to reach 1.1666. After that, the instrument may form another consolidation range, break it to the downside, and reach 1.1487. An alternative scenario implies that the market may try to reach 1.1790 then continue falling inside the downtrend.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has broken its consolidation range to the downside and may continue falling towards the local target at 1.2732. Later, in our opinion, the market may be corrected towards 1.2940 and then continue falling inside the downtrend to reach 1.2600.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair is still consolidating around 0.9676. We think, today the price may break this consolidation channel to the upside again and reach 0.9704. After that, the instrument may test 0.9676 from above and then continue moving upwards with the target at 0.9800.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has reached another new low. Possibly, the price may continue falling to reach 108.22 and then grow towards 109.51. Later, in our opinion, the market may move downwards with the target at 107.06.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading to rebound from the upside border of the Expanding Triangle pattern. We think, today the price may continue falling towards 0.7860, break it, and then falling with the target at 0.7757.
USD RUB, “US Dollar vs Russian Ruble”
Being under pressure, the USD/RUB pair is moving downwards. Possibly, the price may reach 58.98 and then start another correction with the target at 59.90. After that, the instrument may continue falling inside the downtrend towards 55.50.
XAU USD, “Gold vs US Dollar”
Gold is forming the first descending wave with the target at 1279.15. After that, the price may grow towards 1289.89, thus forming another consolidation channel. If later the instrument breaks this channel to the downside, the market may fall towards 1258.00; if to the upside – continue growing with the target at 1320.00.
BRENT
Brent has completed another ascending impulse. We think, today the price may be corrected towards 51.22 and then grow to break 52.55. The target of this wave is at 55.15. Later, in our opinion, the market may be corrected to reach 50.00.
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.
