Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has reached the predicted target and returned to 1.1300. Possibly, today the pair may break the ascending channel. The first downside target is at 1.1240.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is forming another descending wave. Today, the pair may form the fifth structure towards 1.2955.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is consolidating near the lows of the Flag pattern. Possibly, today the pair may form a new ascending structure to break 1.0094 and then continue trading inside the uptrend with the first target 1.0160.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has reached the correctional target; right now, it is consolidating below 111.36. Possibly, the pair may break the Triangle pattern to the downside and reach the target of the fifth structure at 110.57.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is moving downwards. The short-term target is at 0.6967.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has completed the descending impulse; right now, it is consolidating around 65.65. Possibly, today the pair may break the range downwards and reach 65.15. However, if this level is broken as well, the instrument may continue trading inside the downtrend with the target at 64.95.
XAUUSD, “Gold vs US Dollar”
Gold has reached the upside target at 1305.11. Today, the pair may start consolidating. Later, the market may break the range downwards and form one more descending wave with the target at 1276.80.
BRENT
Brent is still consolidating around 66.62. According to the main scenario, the pair may break it upwards and continue growing to reach the target at 68.40. After that, the instrument may start a new correction towards 63.65.
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.
