Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached the target of the correction. Possibly, today the price may break the ascending channel and fall towards 1.1724. If later the instrument breaks this level, the market may continue falling inside the downtrend with the local target at 1.1620.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is consolidating around 1.3185. We think, today the price may form another descending structure, break this consolidation channel downwards, and then continue falling inside the downtrend to reach the local target at 1.2929.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair has expanded its consolidation range upwards and returned to 0.9880. Possibly, the price may move upwards with the local target at 0.9940. Later, in our opinion, the market may start another correction to reach 0.9840.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is consolidating above 113.30. Possibly, today the price may continue growing towards 115.00 and then form a new consolidation range at the top of the ascending wave. After that, the instrument may break the range to the downside and start another descending wave. The first target is at 111.24.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has almost reached the target of the descending wave. However, there are only structures inside the fifth wave so far. We think, today the price may grow to reach 0.7775 and then start another decline towards 0.7684.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is moving upwards. Possibly, today the price may reach 57.84and then continue falling inside the downtrend towards the local target at 56.65.
XAU USD, “Gold vs US Dollar”
Gold is trading to break the consolidation range downwards. Possibly, today the price may reach 1264 and then start another correction towards 1279. Later, in our opinion, the market may resume falling with the target at 1250.
BRENT
Brent is forming another ascending impulse. We think, today the price may break 58.25 upwards. The local target is at 59.30. After that, the instrument may fall to return to 58.25 and then resume growing to reach 59.80.
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.