Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has expanded the consolidation range to the downside and reached its target. Right now, the market is consolidating to break the top of the previous ascending impulse. Possibly, the price may grow towards 1.1970. If later the instrument breaks this range to the upside, the market may reach 1.1970; if to the downside – continue falling inside the downtrend with the target at 1.1770.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has broken the consolidation range to the upside and right now is still moving upwards. We think, today the price may extend this structure towards 1.3447. Later, in our opinion, the market may be corrected to reach 1.3150 and then form another ascending structure with the target at 1.3500.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair is being corrected towards 0.9573. After that, the instrument may grow to reach 0.9727.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is being corrected towards 109.27. Later, in our opinion, the market may grow to reach 110.25. If later the instrument breaks this trading range to the downside, the market may fall towards 107.00; if to the upside – continue growing with the target at 112.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is still falling. We think, today the price may form the fifth descending structure towards 0.7928. After that, the instrument may grow to reach 0.8020.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is falling towards 57.00. Later, in our opinion, the market may grow to reach 57.50 and form another consolidation range. If later the instrument breaks this range to the downside, the market may reach 56.50; if to the upside – continue moving upwards with the target at 58.42.
XAU USD, “Gold vs US Dollar”
Gold is consolidating around 1330; it has once again expanded the range to the downside and then returned to 1331. Possibly, the price may form another descending structure with the target at 1305 and then grow to return to 1331.
BRENT
Brent has reached the local target of the ascending wave and right now is falling. Possibly, the price may reach 54.50 and then grow towards 55.20, thus forming another consolidation channel. If later the instrument breaks this channel to the downside, the market may start another correction towards 51.00; if to the upside – reach 56.15.
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.
