Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has finished the descending impulse. We think, today the price may move upwards to reach 1.1868. After that, the instrument may start another decline towards the local target at 1.1750.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still consolidating. If later the instrument breaks this range to the downside, the market may reach 1.3243; if to the upside – grow towards 1.3450 and then continue falling inside the downtrend.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair has broken its consolidation range upwards. Possibly, the price may grow towards 0.9927 and then fall to reach 0.9857. Later, in our opinion, the market may start another growth with the target at 1.0031.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has expanded the consolidation channel and reached the first target; right now, it is forming another descending impulse towards 112.84. After that, the instrument may start another growth with the target at 113.70.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has broken the consolidation range to the upside. Possibly, the price may extend this wave towards 0.7720. Later, in our opinion, the market may trade to the downside and reach 0.7555.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has broken 58.50 downwards. Possibly, today the price may continue falling inside the downtrend to reach the local target at 57.97.
XAU USD, “Gold vs US Dollar”
Gold is consolidating at the top of the ascending wave. According to the main scenario, the price may fall towards 1250 (at least). An alternative one suggests that the instrument may try to expand the range upwards to reach 1270. After that, the instrument may continue falling inside the downtrend.
BRENT
Brent is still moving upwards. Possibly, the price may reach 65.25 and then fall towards 64.15. After that, the instrument may start another growth with the target at 66.30.
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.