Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Being under pressure, the EUR/USD pair is being corrected. Possibly, the price may form the fifth descending wave with the target at 1.1630. The target of the first structure of this wave is at 1.1728. Later, in our opinion, the market may be corrected towards 1.1780.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is trading to break 1.3373. The target of the descending wave is at 1.3263. After that, the instrument may be corrected towards 1.3428 and then start the fifth wave with the target at 1.3222.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair is moving upwards. Possibly, the price may grow towards 0.9720 and then start a new correction to reach 0.9696, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may reach 0.9800; if to the downside – fall with the target at 0.9660.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has broken its consolidation range to the upside. We think, today the price may reach 113.26 and then continue falling towards 111.40.
AUD USD, “Australian Dollar vs US Dollar”
Being under pressure, the AUD/USD pair is still moving downwards. Possibly, the price may reach 0.7866 and then continue falling with the local target at 0.7753.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has reached the first target of another descending structure. Possibly, today the price may be corrected towards 58 and then continue moving downwards with the target at 57.
XAU USD, “Gold vs US Dollar”
Gold has broken 1277.50. We think, the price may reach 1267.00. Later, in our opinion, the market may start another correction with the first target at 1290.00.
BRENT
Brent is trading to rebound from 57.38. The downside target is at 55.88. After that, the instrument may form another ascending structure towards 59.85.
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.
