Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is consolidating above 1.1907. Possibly, today the price may rebound from the center of the range and fall to break the downside border. The target is at 1.1888. After that the instrument may form another consolidation range, break it downwards, and then continue falling inside the downtrend with the target at 1.1800.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still consolidating at the top of the ascending wave. We think, today the price may break the downside border. The first downside target is at 1.2950.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair is still forming another consolidation range; it has already expanded the range both to the upside and downside. Possibly, today the price may form another ascending impulse, break the upside birder, and then continue growing with the first target at 0.9600.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has completed the correction with the target at 109.38. Later, in our opinion, the market may fall to reach 108.38 and then form another correctional structure to return to 109.38. After that, the instrument may continue falling inside the downtrend with the target at 107.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has formed another consolidation range below 0.7977. We think, today the price may form another descending structure towards 0.7956. If later the instrument breaks this consolidation range to the downside, the market may fall to reach 0.7755; if to the upside – continue growing towards 0.8040.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading near the lows of the descending wave ad forming another consolidation range. If later the instrument breaks this consolidation range to the upside, the market may be corrected towards 57.60; if to the downside – continue falling with the local target at 56.76.
XAU USD, “Gold vs US Dollar”
Gold is consolidating above 1336.40. We think, today the price may fall towards 1329.00. If later the instrument breaks this consolidation range to the downside, the market may be corrected to reach 1285.00; if to the upside – extend this wave towards 1357.00 (an alternative scenario).
BRENT
Brent has broken 52.80 to the upside and completed the ascending structure. Possibly, today the price may be corrected towards 53.00. After that, the instrument may continue growing the local 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.
