Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is still consolidating below 1.2355. If later the instrument breaks this range to the downside, the market may continue trading to the downside towards 1.2200; if to the upside – start another correction to reach 1.2405.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has almost completed the correction and returned to 1.4020. Possibly, today the price may fall to reach 1.3800. This decline may be considered as a half of the third wave inside the downtrend.
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USDCHF, “US Dollar vs Swiss Franc”
USDCHF is being corrected. Today, the price may fall towards 0.9300 and then grow to reach 0.9470. After that, the instrument may continue the correction with the target at 0.9385.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is falling towards 106.35. Later, the market may grow to reach 108.00, break it, and trade with the short-term target at 109.50.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached the closest target of the correction. Today, the price may fall to reach 0.7777. An alternative scenario implies that the market may form one more correctional structure with the target at 0.7910 and then continue trading to the downside.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 56.56. Possibly, today the price may break 56.20; the target is at 55.50. After that, the instrument may return to 56.20 to test it from below and then continue trading to the downside with the target at 54.80.
XAUUSD, “Gold vs US Dollar”
Gold is moving upwards. Possibly, the price may be corrected towards 1343.00. An alternative scenario implies that the market may continue growing and form a five-wave structure to reach 1347.00. Later, the market may start another decline with the target at 1307.00.
BRENT
Brent is moving upwards; it has almost completed the structure to return to 67.66. After reaching this level, the price may fall towards 64.80 and then start another growth towards the short-term target at 70.30.
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.