Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is trading downwards to reach 1.1528. Later, the market may grow towards 1.1568, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may grow with the target at 1.1649; if to the downside – resume trading inside the downtrend towards 1.1383.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has broken the consolidation range downwards. Possibly, today the price may reach 1.3060 and then grow towards 1.3158, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may trade upwards with the target at 1.3255; if to the downside – resume trading inside the downtrend towards 1.2950.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is forming the fourth correctional structure. Today, the pair may reach the first target at 0.9833 and then resume growing towards 0.9880.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating around 112.18. According to the main scenario, the pair may break the range upwards and reach the target at 113.10. After that, the instrument may resume falling with the first target at 111.70.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating. Possibly, today the price may fall towards 0.7090. If later the instrument breaks this range to the upside, the price may grow to reach 0.7220; if to the downside – resume trading inside the downtrend with the target at 0.7000.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 66.26. If later the instrument breaks this range to the upside, the price may grow with the short-term target at 67.70; if to the downside – continue the correction towards 65.60.
XAUUSD, “Gold vs US Dollar”
Gold is moving upwards; it has formed the reversal pattern at 1205.80, broken it upwards, and may continue growing with the short-term target at 1130.50. After that, the instrument may resume falling to reach 1205.80 and then start another growth towards 1250.00.
BRENT
Brent is forming the third descending wave; it has completed another consolidation range around 82.22 and broken it downwards. Possibly, the pair may return to test 82.22 from below and then resume falling with the short-term target at 79.11. Later, the market may be corrected to reach 82.22 once again and then start another decline towards the first target at 77.37.
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.
