Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is moving upwards; after reaching the target of this wave, it has formed another consolidation range and broken it upwards to reach 1.1934. We think, today the price may start another decline towards 1.1823 and then grow with the target at 1.1882. Later, in our opinion, the market may fall to reach 1.1717.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is moving upwards; it is trying to break the upside border of the consolidation range. Possibly, the price may extend this wave towards 1.3460. After that, the instrument may continue falling to reach the downside border.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair is moving downwards and breaking the downside border of the range. The target is at 0.9787. Later, in our opinion, the market may start another growth to reach the first target at 0.9880.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is moving downwards; it has tested the neckline and almost completed the correction. Possibly, today the price may form another ascending structure with the target at 113.28.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is moving upwards. Possibly, the price may reach 0.7828. After that, the instrument may resume trading downwards with the target at 0.7665.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating above 57.35. If later the instrument breaks this range to the downside, the market may reach 56.55; if to the upside – start another correction towards 58.34.
XAU USD, “Gold vs US Dollar”
Gold has finished the ascending wave and right now is consolidating. If later the instrument breaks this range to the downside, the market may start another descending wave with the target at 1263.
BRENT
Brent has formed another consolidation channel. If later the instrument breaks this channel to the downside, the market may be corrected towards 64.60; if to the upside – continue growing to reach 67.87.
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.