Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is still moving downwards. Possibly, the pair may reach 1.1540 and then start a new correction to test 1.1616 from below. Later, the market may resume falling with the target at 1.1494.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has reached the target of the fifth descending wave; it has finished another consolidation range, broken it downwards, and may continue falling to reach 1.2808. Possibly, today the pair may form a new descending structure to reach 1.2960 and then start a new correction to test 1.3030 from below. After that, the instrument may resume trading inside the downtrend with the target at 1.2888.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is extending the current ascending wave. Today, the price may grow to reach 0.9841 and then start a new correction towards 0.9788. Later, the market may resume growing with the target at 0.9888.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is extending the third wave; it has broken the consolidation range upwards and completed the first structure. Possibly, the pair may fall to reach 113.63 and then resume growing with the target at 114.10.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached the correctional target and right now is moving downwards. Possibly, the pair may continue trading inside the downtrend with the first target at 0.7157.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating near the lows. Possibly, today the pair may expand the range towards 65.00. If the instrument breaks this range to the upside, the price may be corrected to reach 67.00; if to the downside – resume falling with the target at 63.36.
XAUUSD, “Gold vs US Dollar”
Gold has returned to 1190.75 and right now is moving downwards. Possibly, the pair may form a new descending structure to reach 1170.20.
BRENT
Brent is consolidating above 83.10. If the instrument breaks this range to the upside, the price may grow to reach 84.50; if to the downside – continue trading to the downside with the target at 82.32.
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.
