Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is trading to return to 1.1870. We think, today the price may reach this level and then start another decline to break 1.1800. The local target is at 1.1750.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still consolidating above 1.3330. Possibly, today the price may break this range to the downside. The local target is at 1.3244.
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 the first target at 0.7635.
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 58.00.
XAU USD, “Gold vs US Dollar”
Gold has finished the ascending wave. We think, today the price may start another descending structure. The first target is at 1256.
BRENT
Brent has reached the local target of another ascending structure. Possibly, today the price may be corrected towards 64.00. After that, the instrument may start another growth with the target at 66.30.
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.
