Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has reached 1.2200. Possibly, today the price may start another consolidation range. After breaking the range downwards, the instrument may continue falling inside the downtrend with the short-term predicted target at 1.1860.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has reached 1.3760. Today, the price may form another consolidation channel. Later, the market may break it downwards and then continue trading to the downside with the short-term predicted target at 1.3375.
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USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading to break 0.9440 upwards. Possibly, today the price may continue growing towards short‑term predicted target at 0.9550.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating. If later the instrument breaks this range to the upside, the market may start another correction to reach 110.40. if to the downside – continue falling inside the downtrend with the target at 103.30.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still forming the third descending wave with the short-term predicted target at 0.7663.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has returned to 56.17. Today, the price may continue falling to reach 55.50. According to an alternative scenario, the instrument may form another ascending structure towards 56.84.
XAUUSD, “Gold vs US Dollar”
Gold is falling inside the downtrend with the target at 1307.00. After that, the instrument may form another consolidation range, break it downwards, and then continue trading to the downside with the target at 1250.00.
BRENT
Brent has finished the descending correctional structure. Possibly, the price may start another growth towards 66.60. The instrument is expected to start a new wave with the target at 70.60.
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.