Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is forming the second descending impulse with the target at 1.1668. Later, in our opinion, the market may grow towards 1.1746 and then resume falling to reach 1.1630.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is forming the third ascending structure with the target at 1.3280. After that, the instrument may resume falling towards 1.3172 and then form another structure to the upside with the target at 1.3310 to complete the correction. Later, in our opinion, the market may continue falling.
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 is still being corrected. We think, today the price may grow to reach 0.9963 and start another decline to return to 0.9900. After that, the instrument may resume growing inside the uptrend with the target at 1.0081.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has reached its target and expanded the range to the downside. Possibly, today the price may grow to reach 112.51 and then resume trading to the downside with the target at 111.71.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is extending the wave downwards. We think, today the price may reach 0.7523 and then grow towards 0.7570. Later, in our opinion, the market may continue falling with the target at 0.7490.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has broken 59.50 downwards. Possibly, today the price may grow to reach 59.50 and then resume falling with the first target at 58.68.
XAU USD, “Gold vs US Dollar”
Gold has completed the third ascending impulse. We think, today the price may fall to reach 1277, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may continue the correction towards 1311; if to the downside – fall inside the downtrend with the target at 1250.
BRENT
Brent is moving upwards; it has broken 62.26 upwards. The target is at 63.30. After that, the instrument may fall to return to 62.26 and then resume moving to the upside towards 66.00.
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.
