Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is consolidating. According to the main scenario, the pair is expected to continue trading inside the downtrend and reach 1.1189. Later, the market may be corrected towards 1.1235 and then start a new decline with the short-term target at 1.1111.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating near the lows. Possibly, today the pair may form a new descending structure to reach 1.2932 and then start another correction towards 1.3100. After that, the instrument may resume trading downwards with the target at 1.2850.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is consolidating around 0.9956. According to the main scenario, the pair is expected to continue trading upwards with the short-term target at 1.0008. Later, the market may be corrected to return to 0.9956 and then form one more ascending structure with the first target at 1.0016.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has broken 110.85 and may continue trading upwards to reach 111.43. Possibly, the pair may test 110.85 from above and then start a new growth towards 111.43. After that, the instrument may start another correction to return to 110.85.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken 0.7104 and may form a new consolidation range. Possibly, the pair may grow to reach 0.7140 and then form a new descending structure to break 0.7054. Later, the market may continue trading inside the downtrend with the short-term target at 0.6993.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has finished the fifth wave of the correction. Possibly, today the pair may consolidate near the highs. After breaking the range to the downside, the instrument may start a new descending wave with the short-term target at 62.77.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating around 1292.25. Possibly, the pair may form one more ascending structure to reach 1300.37 and then start a new decline towards 1276.80. Later, the market may resume trading upwards to reach 1288.20 and then form a new descending structure with the short-term target at 1260.00.
BRENT
Brent is trading to break 67.97. Today, the pair may form one more ascending structure to reach 69.92 and then start another correction to return to 67.97. After that, the instrument may continue trading upwards with the target at 70.30.
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.
