Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has finished another consolidation range inside the descending wave and broken its downside border. Possibly, today the pair may fall to reach 1.1520 and then form a new ascending structure towards 1.1555. After that, the instrument may resume falling with the target at 1.1515.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is moving downwards. Today, the price may reach 1.2791 and then grow towards 1.296. Later, the market may resume falling inside the downtrend with the target at 1.2600.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is moving upwards. Possibly, today the pair may reach the short-term target at 0.9730 and then fall towards .09690. Later, the market may resume growing with the first target at 0.9740.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has formed another consolidation range around 110.80 and expanded it both upwards and downwards. According to the main scenario, the pair is expected to continue falling with the short-term target at 109.80. After that, the instrument may resume growing to return to 110.80 and then start a new decline to reach the target at 109.55.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached its downside target; it has completed another range and broken it downwards. Possibly, the pair may continue falling with the short-term target at 0.7030. Later, the market may grow towards 0.7130 and then start a new decline to reach 0.7000.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has completed the consolidation range above 68.78; it has expanded it upwards and finished the ascending wave. Today, the price may fall to return to 68.78. If later the instrument breaks this range to the downside, the price may be corrected with the target at 67.55.
XAUUSD, “Gold vs US Dollar”
Gold has formed the consolidation range around 1195.15. If later the instrument breaks this range to the downside, the price may resume falling towards 1190.00 and then form a new ascending structure to return to 1191.15. Later, the market may resume falling inside the downtrend with the target at 1186.20.
BRENT
Brent is trading to rebound from 75.55 upwards. Possibly, the pair may reach the first target at 77.97 and then fall towards 76.80. After that, the instrument may resume trading inside the uptrend with the short-term target at 80.50.
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.
