Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is being corrected to the upside. Possibly, the price may reach 1.1755 and complete the correction. Later, in our opinion, the market may start another descending wave with the target at 1.1633.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair also being corrected upwards. Possibly, the price may reach 1.3157 and finish the correction. After that, the instrument may form another descending wave towards 1.2918.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair is being corrected towards 0.9760. We think, today the price may complete the correction and start growing to reach the target at 0.9868.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is still consolidating and trying to rebound from the downside border of the Triangle pattern. Possibly, today the price may reach 112.90. If later the instrument breaks this range to the upside, the market may reach 113.60; if to the downside – start another correction with the target at 111.23.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has reached the target at 0.7733. We think, today the price may consolidate near the lows between 0.7797 and 0.7731. If later the instrument breaks this range to the upside, the market may start another correction with the target at 0.7927.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating. Possibly, today the price may fall to reach 57.75. If later the instrument breaks this range to the upside, the market may grow towards 58.67; if to the downside – continue forming the fifth wave with the target at 56.55.
XAU USD, “Gold vs US Dollar”
Gold has reached the target of the descending wave and right now is growing towards 1285.85 Later, in our opinion, the market may fall to reach 1273.00. After completing the correction, the instrument may continue growing with the target at 1311.00.
BRENT
Brent is forming another descending correctional structure. We think, today the price may reach 55.95 and then fall towards 54.80 to finish the correction. After that, the instrument may grow with the target at 57.15.
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.