Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is moving downwards. We think, today the price may test 1.2000 from below and then fall towards the first target at 1.1851. After that, the instrument may continue falling inside the downtrend to 1.1430.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is falling. Possibly, the price may reach 1.2873. Later, in our opinion, the market may be corrected towards 1.2919 and then form the fifth descending structure with the target at 1.2672.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair is moving upwards. Possibly, today the price may be corrected towards 0.9500 and then resume growing inside the uptrend with the target at 0.9640.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has returned to the upside border of its consolidation range. Possibly, the price may grow to reach 110.47. Later, in our opinion, the market may continue falling towards 107.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has reached its upside target and completed the correction. We think, today the price may move downwards to reach the first target at 0.7925, break it, and then continue falling inside the downtrend towards 0.7755.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is still being corrected to the upside with the target at 58.91. After that, the instrument may fall towards 58.23.
XAU USD, “Gold vs US Dollar”
Gold is forming the first descending structure. Possibly, the price may reach 1300. Later, in our opinion, the market may grow towards 1313 and then resume falling inside the downtrend with the target at 1258.
BRENT
Brent is still consolidating around 51.80. If later the instrument breaks this channel to the downside, the market may continue the current correction towards 50.80; if to the upside – grow to reach 54.10. After that, the instrument may move upwards with the target at 55.15.
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.