Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is forming another consolidation range near the lows of the second descending impulse. If later the instrument breaks this range to the upside, the market may be corrected to reach 1.2363; if to the downside – resume falling inside the downtrend with the short-term target at 1.2200.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still forming the second descending impulse; the short-term target is at 1.3930. After that, the instrument may grow towards 1.4065 and then fall to reach 1.3889.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is consolidating. If later the instrument breaks this range to the upside, the market may grow to reach 0.9700; if to the downside – start another correction with the target at 0.9520.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed the descending correction. Today, the price may form the fifth ascending structure to reach 107.74 and then start another correction to the downside with the target at 106.16.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is growing. Possibly, the price may reach the first target at 0.7701 and then form another consolidation range. If later the instrument breaks this range to the upside, the market may continue the correction to reach 0.7780; if to the downside – resume falling inside the downtrend with the short-term target at 0.7568.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has completed another consolidation range. If later the instrument breaks this range to the downside, the market may resume falling inside the downtrend to reach 55.55; if to the upside – continue the correction with the target at 58.06.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating near the lows. If later the instrument breaks this range to the downside, the market may reach 1319.00; if to the upside – start another correction with the target at 1333.00.
BRENT
Brent is still consolidating at the top. Possibly, today the price may expand the range upwards and reach 71.31. Later, the market may be corrected 67.85 and then start another growth with the target at 72.00.
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.