Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has rebounded from 1.1764 and started forming another descending wave with the target at 1.1660. Later, in our opinion, the market may start consolidating. If later the instrument breaks this range to the upside, the market may be corrected towards 1.1764; if to the downside – fall to reach 1.1630.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has broken its consolidation channel to the downside and may continue falling to reach 1.3055. Later, in our opinion, the market may form another consolidation channel. If later the instrument breaks this range to the upside, the market may be corrected towards 1.3220; if to the downside – fall with the target at 1.2920.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair has broken its consolidation range to the upside. Possibly, the price may reach 0.9800. After that, the instrument may fall towards 0.9770 and complete the correction. Later, in our opinion, the market may start growing with the local target at 0.9845.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is still consolidating around 112.71. According to the main scenario, the instrument may fall towards 112.27, break it, and then reach 111.50. An alternative scenario implies that the market may break 112.90 and continue growing with the target at 113.66.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has reached the local downside target. We think, today the price may consolidate near the lows. If later the instrument breaks this range to the upside, the market may be corrected towards 0.7920; if to the downside – fall with the target at 0.7731.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating around 57.50. Possibly, today the price may fall to reach the local target at 57.00 and then start another correction to return to 57.50. After that, the instrument may continue falling with the target at 56.55.
XAU USD, “Gold vs US Dollar”
Gold has broken 1270.00 downwards and right now is falling to reach 1265.60. We think, today the price may reach this level and then start another ascending correction with the first target at 1290.00.
BRENT
Brent has broken its consolidation range upwards. Possibly, today the price may test 56.33 from above and then grow with the first target at 57.33. This ascending should be considered as a part of the wave 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.