Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has reached its upside target at 1.1414; it has formed another consolidation range around this level and broken it upwards. Possibly, the pair may grow with the short-term target at 1.1460. Today, the pair may fall to test 1.1414 from above and then start one more ascending structure to reach 1.1486, thus forming the Double Top pattern.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating around 1.2640 without any particular direction. Possibly, today the pair may trade downwards to reach 1.2590 and then expand the range towards 1.2750. Later, the market may form a new descending structure with the target at 1.2640.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF hasn’t been able to fix above 0.9900; right now, it is moving downwards and has already reached the short-term target at 0.9840. Possibly, today the pair may grow to test 0.9900 from below and then form a new descending structure towards 0.9828. After that, the instrument may continue trading inside the uptrend to return to 0.9900.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating around 110.84. Today, the pair may fall towards 110.31 and then grow to reach 110.84. If later the instrument breaks this range to the downside, the pair may resume trading inside the downtrend with the target at 107.70; if to the upside – start a new correction towards 112.12.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has expanded the consolidation range downwards, but right now it is trading in its center. If later the instrument breaks this range to the upside, the pair may be corrected with the target at 0.7200; if to the downside – resume trading inside the downtrend towards 0.7000.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still trading upwards. Possibly, the pair may expand the range towards 69.80. Later, the market may fall to break 68.50 and then continue the correction with the target at 67.20.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating at the top; it has been supported by 1271.71 and may continue growing towards 1281.00. After that, the instrument may resume falling to return to 1271.71. If the price breaks this level downwards, the market may continue falling with the first target at 1255.00.
BRENT
Brent has completed another descending structure at 52.80. Possibly, today the pair may form one more ascending structure with the first target at 55.65 and then start a new correction towards 52.85. After that, the instrument may resume growing with the short-term target at 61.00.
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.
