Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has formed the half of another descending wave. We think, today the price may form another consolidation range around 1.1600. If later the instrument breaks this consolidation range to the downside, the market may fall to reach the next target at 1.1530.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has broken 1.3000 downwards. Possibly, today the price may form another consolidation range at the lows. If later the instrument breaks this consolidation channel to the downside, the market may continue falling to reach 1.2865.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair is still consolidating in the middle of the range. We think, today the price may form another ascending structure to break 1.0035. The target is at 1.0100. After that, the instrument may start another correction towards 0.9888.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has reached the local upside target and right now is falling towards 113.96. Later, in our opinion, the market may resume growing inside the uptrend with the target at 115.00 and then start another correction towards 112.40.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is forming another descending wave towards 0.7615. After that, the instrument may consolidate at the lows. If later it breaks this range to the upside, the market may grow to reach 0.7815.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has extended the wave and the correction towards 59.00. We think, today the price may consolidate and fall to reach 58.50. Later, in our opinion, the market may break the ascending channel and resume falling with the target at 56.55.
XAU USD, “Gold vs US Dollar”
Gold is still falling; right now, it’s consolidating at 1270. Possibly, the price may continue falling inside the downtrend to reach 1250.
BRENT
Brent is moving upwards. Possibly, today the price may reach 62.50. After that, the instrument may start another correction with the target at 59.50.
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.