Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached the target of another descending wave and right now is moving upwards to reach the first target at 1.1668. Possibly, the price may start another correction. Later, in our opinion, the market may fall towards 1.1620.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is consolidating and forming the ascending structure towards 1.3174. After that, the instrument may continue falling to reach 1.3000.
USD CHF, “US Dollar vs Swiss Franc”
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
The USD/CHF pair has reached the local target of the ascending wave and right now is forming the correctional structure. The first target is at 0.9940. Later, in our opinion, the market may continue growing inside the uptrend with the target at 0.9991.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is consolidating at the top of the ascending structure. Possibly, today the price may fall to reach 113.30. After that, the instrument may start another growth towards 115.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is moving upwards. We think, today the price may start another correction towards the first target at 0.7683. Later, in our opinion, the market may fall with the target at 0.7640.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has completed the correctional wave along with the first descending impulse. Possibly, the price may continue forming the first structure with the target at 57.65. After that, the instrument may grow to reach 58.16.
XAU USD, “Gold vs US Dollar”
Gold has completed the descending structure and right now is being corrected towards 1277.30. Later, in our opinion, the market may resume falling with the target at 1250.55.
BRENT
Brent has finished another ascending wave. We think, today the price may start falling to reach 59.50. After that, the instrument may continue moving upwards with the target at 61.05.
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.
