Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has completed another consolidation range in the form of the Triangle pattern; right now, it is trading directly in the center. According to the main scenario, the pair may fall towards 1.1313. If later the instrument breaks this range to the downside, the price may resume trading inside the downtrend with the target at 1.1230. The key target after the pair breaks the pattern is at 1.1150.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has returned to 1.2640; right now, it is consolidating around it. If later the instrument breaks this range to the upside, the price may continue the correction to reach 1.2750; if to the downside – resume trading inside the downtrend with the target at 1.2360.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is consolidating around 0.9933. Possibly, the pair may be corrected downwards to reach 0.9903. According to the main scenario, the price may resume trading inside the uptrend with the target at 1.0010 (after the instrument breaks 0.9955, the target may change).
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has expanded its consolidation range upwards. Possibly, today the pair may expand it downwards to reach 112.99 and then grow towards 113.30. If later the instrument breaks this range to the downside, the price may resume trading inside the downtrend with the target at 112.20.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating close to the downside border of the range. If the instrument breaks 0.7180 to the downside, the price may start another decline to reach 0.7140. Later, the market may form one more ascending structure towards 0.7200 and then resume trading inside the downtrend with the short-term target at 0.7077.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating above 66.16. Later, the market may break the range downwards and then resume trading inside the downtrend with the short-term target at 64.00.
XAUUSD, “Gold vs US Dollar”
Gold is trading downwards. Today, the pair may continue the correction towards 1235.90 and then start a new growth to reach 1243.40, thus forming another consolidation range. If later the instrument breaks this range to the upside, the price may grow to reach 1252.30; if to the downside – resume trading inside the downtrend with the target at 1212.72.
BRENT
Brent is still consolidating around 60.10. Possibly, the pair may form a new descending structure to reach 58.30. If later the instrument breaks this range to the upside, the price may resume trading inside the uptrend with the short-term target at 67.77. The key target is at 73.00.
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.
