Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has completed the ascending structure. Possibly, today the price may fall towards 1.2195 and then start another consolidation range. If later the instrument breaks this range to the upside, the market may continue the correction to reach 1.2355; if to the downside – resume falling inside the downtrend with the target at 1.2054.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating. If later the instrument breaks this range to the upside, the market may continue the correction towards 1.3924; if to the downside – fall inside the downtrend with the target at 1.3460.
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USDCHF, “US Dollar vs Swiss Franc”
USDCHF has finished the descending impulse. Today, the price may grow towards 0.9437 and form another consolidation range. If later the instrument breaks this range to the upside, the market may start another growth to reach 0.9620; if to the downside – continue the correction with the target at 0.9337.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has broken the consolidation channel downwards. Possibly, today the price may fall to reach 105.55 and then grow towards 107.15, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may start another growth to reach 108.40. if to the downside – continue falling inside the downtrend with the target at 103.30.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is forming the ascending impulse. Possibly, the price may be corrected towards 0.7777 and then fall to reach 0.7690.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is trading to reach 56.40. After that, the instrument may form another ascending structure towards 57.22 and then 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 reach 1323.00. Later, the market may fall to break 1307.00. The next target is at 1288.00.
BRENT
Brent is consolidating near the lows of the descending wave. According to the main scenario, the instrument may grow to break the range upwards. The upside target is at 67.70.
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.