Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After reaching the target at 1.1111, EURUSD had formed the ascending impulse and may start a new correction towards 1.1190. Possibly, today the pair may fall to reach 1.1128 and then start another growth towards 1.1160. If later the price breaks range to the upside, the instrument may continue the correction to reach 1.1190; if to the downside – resume trading inside the downtrend with the target at 1.1050.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating around 1.2962. Today, the pair may test this level from below, rebound from it to break the lows, and then form a new descending structure with the target at 1.2783. However, if the price breaks range to the upside, the instrument may start a new correction to reach 1.3015.
USDCHF, “US Dollar vs Swiss Franc”
Free Reports:
USDCHF is consolidating above 1.0165. Possibly, today the pair may fall to reach 1.0178 and then form one more ascending structure towards 1.0207. If later the price breaks range to the upside, the instrument may resume trading inside the uptrend to reach 1.0293; if to the downside – continue the correction with the target at 1.0130.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating above 111.44. Today, the pair may break this level. The short-term downside target is at 110.87. Later, the market may form one more ascending structure to return to 111.44.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading upwards to reach 0.7072. After that, the instrument may start another decline to beak 0.7000 and then continue trading inside the downtrend with the target at 0.6932.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 64.67. According to the main scenario, the price is expected to resume trading inside the downtrend to reach 63.66. Later, the market may break this level and then continue falling with the short-term target at 62.77.
XAUUSD, “Gold vs US Dollar”
Gold has almost completed the correction; right now, it is consolidating at the top. Possibly, the pair may grow to reach 1289.05 and then form one more ascending structure towards 1281.28. 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 – continue the correction towards 1296.27.
BRENT
Brent has finished the correctional structure at 71.20; right now, it is consolidating near the lows. If later the price breaks range to the downside, the instrument may continue the correction to reach 70.25; if to the upside – resume trading inside the uptrend with the target at 73.40.
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.