Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is still consolidating. Although the pair is trying to expand the range upwards, it may grow up to 1.1666, but not higher. After that, the instrument may start forming the first descending impulse with the target at 1.1444.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has formed a new consolidation range around 1.2854. If later the instrument breaks this range to the upside, the price may grow to reach 1.2950; if to the downside – resume falling with the target at 1.2772.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is moving upwards. Possibly, the pair may reach 0.9900 and then fall towards 0.9866. Later, the market may resume growing with the short-term target at 0.9955.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving downwards; it has reached the first target of the correction. Today, the price may form another ascending structure towards 111.33 and then resume falling with the target at 110.60. The main target of the correction is at 110.48. After that, the instrument may continue growing to reach 111.66.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is growing towards 0.7373. Later, the market may fall to reach 0.7282, thus forming another consolidation range in the form of the Triangle pattern. If later the instrument breaks this range to the downside, the price may resume falling to reach 0.7200.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has broken the low of the first descending impulse and may continue falling to reach the first target at 65.75. Possibly, today the pair may fall with the short-term target at 66.41. Later, the market may grow to reach 67.35 and then continue falling towards the first target.
XAUUSD, “Gold vs US Dollar”
Gold is moving upwards and forming the fifth structure of the ascending wave. Possibly, the pair may consolidate at the top. If the instrument breaks this range to the upside, the price may resume growing to reach 1212.00; if to the downside – start another correction towards 1200.00. Later, the market may grow to reach 1212.00 and then continue the correction with the target at 1186.00.
BRENT
Brent is still forming the first ascending wave. Possibly, the pair may reach 77.00 without any corrections. After that, the instrument may resume falling towards 73.80 and then start another growth with the short-term target at 80.00.
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.
