Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is trading to the downside to reach 1.1912. After that, the instrument may towards 1949, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may grow to reach 1.1987; if to the downside – continue falling inside the downtrend with the target at 1.1829.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has completed the ascending wave and right now is consolidating at the top of it. Possibly, the price may be corrected towards 1.3225. Later, in our opinion, the market may form another ascending structure with the target at 1.3673.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair has completed the descending correction. We think, today the price may grow towards 0.9635 and then fall to reach 0.9600, thus firming another consolidation range. If later the instrument breaks this range to the upside, the market may continue growing to reach 0.9800; if to the downside – continue the correction with the target at 0.9500.
USD JPY, “US Dollar vs Japanese Yen”
Being under pressure, the USD/JPY pair is growing. Possibly, the price may reach 111.80. After that, the instrument may fall towards 109.40 and then grow to reach 110.47. If later the instrument breaks this trading range to the downside, the market may fall towards 107.00; if to the upside – continue the current correction with the target at 112.20.
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 57.30. Later, in our opinion, the market may grow to reach 57.60. If later the instrument breaks this trading range to the downside, the market may reach 56.50; if to the upside – continue moving upwards with the target at 58.50.
XAU USD, “Gold vs US Dollar”
Being under pressure, Gold is falling. Possibly, the price may reach 1305 and then grow to return to 1331. If later the instrument breaks this channel to the downside, the market may fall towards 1250; if to the upside – resume moving upwards with the target at 1344.
BRENT
Brent is still consolidating at the top of the third ascending wave. Possibly, the price may form another ascending structure towards 56.25. Later, in our opinion, the market may be corrected with the target at 52.50, at least.
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.
