Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is consolidating around 1.1739 without any particular direction. According to the main scenario, the price may break this range to the downside and continue falling inside the downtrend to reach the first target at 1.1630.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still forming the third ascending structure. We think, today the price may reach 1.3282. After that, the instrument may fall towards 1.3111 and then resume moving to the upside with the target at 1.3310.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair has formed another consolidation channel around 0.9905. According to the main scenario, the price may break this channel upwards to reach 0.9991. An alternative scenario implies that the market may fall towards 0.9838 and then resume moving to the upside with the target at 1.0100.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is moving downwards. Possibly, today the price may reach 111.82 and complete this descending wave. After that, the instrument may resume growing with the target at 113.57.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has finished the ascending impulse and right now is being corrected. We think, today the price may continue the correction. The first target is at 0.7666. Later, in our opinion, the market may fall to reach 0.7600.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is forming another descending structure with the target at 58.58. Possibly, today the price may complete this structure and then resume moving to the upside to reach 59.50.
XAU USD, “Gold vs US Dollar”
Gold continues falling towards 1271. Later, in our opinion, the market may grow to reach 1284 and then start another descending wave with the target at 1250.
BRENT
Brent is moving upwards. Possibly, the price may break 63.20. The local target is at 64.85. After that, the instrument may fall to return to 63.20 and then resume moving to the upside with the first target at 65.30.
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.