Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has completed the first descending impulse and right now is being corrected. Possibly, the price may reach 1.1822. Later, in our opinion, the market may resume falling towards 1.1667.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is moving upwards. Possibly, the price may continue the correction to reach 1.3280 and resume falling towards 1.3171. After that, the instrument may form another structure to the upside with the target at 1.3300.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair is trading to rebound from 0.9903. Later, in our opinion, the market may grow to reach 0.9963 and start another correction to return to 0.9903. After that, the instrument may resume growing inside the uptrend with the target at 1.0050.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is moving downwards. We think, today the price may reach 112.25 and then resume trading to the upside with the target at 113.55.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is consolidating near the lows. If later the instrument breaks this range to the downside the market may reach 0.7520 and then continue falling towards 0.7400; if to the upside – start another correction with the target at 0.7666.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is forming the first correctional wave towards 59.50. Later, in our opinion, the market may grow to reach 59.90 and then resume falling with the target at 59.00.
XAU USD, “Gold vs US Dollar”
Gold is moving upwards to reach 1286. After that, the instrument may fall towards 1269, break it, and then continue falling with the target at 1250.
BRENT
Brent is moving downwards; it has broken the consolidation channel to the downside. Possibly, the price may fall to reach 60.80 and then resume moving to the upside with the target at 61.80.
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.