Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is consolidating around 1.1140. Possibly, today the pair may fall to wards 1.1111 and then start another growth to return to 1.1140, thus forming a new consolidation range. If later the price breaks range to the upside, the instrument may be corrected to reach 1.1180; if to the downside – resume trading inside the downtrend with the target at 1.1080.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating around 1.2912. If later the price breaks range to the upside, the instrument may start a new correction to reach 1.2962; if to the downside – resume trading inside the downtrend with the target at 1.2790.
USDCHF, “US Dollar vs Swiss Franc”
Free Reports:
USDCHF is consolidating above 1.0180. Today, the pair may form one more ascending structure to break 1.0230 and then continue growing with the target at 1.0290. However, if the price breaks 1.0180 to the downside, the market may be corrected towards 1.0130.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has failed to fix above 111.87; it has broken this level instead, formed a downside continuation pattern, and reached 111.37. Possibly, today the pair may be corrected to return to 111.87. Later, the market may form a new descending structure with the target at 111.60.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating around 0.7027. If later the price breaks range to the upside, the instrument may be corrected to reach 0.7065; if to the downside – resume trading inside the downtrend with the target at 0.6930.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has completed the correction at 64.85. Today, the pair may start consolidating around 64.66. If later the price breaks range to the downside, the instrument may continue trading inside the downtrend with the target at 63.66.
XAUUSD, “Gold vs US Dollar”
Gold has completed the ascending impulse at 1282.15. Possibly, today the pair may fall to reach 1273.80, thus forming a new consolidation range. If later the price breaks range to the downside, the instrument may resume trading inside the downtrend with the short-term target at 1260.00; if to the upside – start another correction towards 1289.10.
BRENT
After finishing the ascending structure at 75.40, Brent has been corrected towards 74.00, thus forming a new consolidation range. If later the price breaks range to the downside, the instrument may continue the correction to reach 73.00; if to the upside – resume trading inside the uptrend with the target at 76.50.
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.