Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is forming a narrow consolidation range around 1.1210. Possibly, today the pair may fall to reach 1.1190 and then start another growth to return to 1.1210. Later, the market may break the range to the downside and resume trading inside the downtrend with the target at 1.1150.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating around 1.3025. Today, the pair may fall to reach 1.3000 and then form one more ascending structure to return to 1.3025. After that, the instrument may start a new decline with the target at 1.2955.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF has reached the target at 1.0177. Possibly, today the pair may grow to break 1.0207 and then continue trading inside the uptrend with the target at 1.0233.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating around 111.44. Today, the pair may grow to reach 111.61 and then form a new descending structure to break 111.22. Later, the market may continue falling with the short-term target at 110.99.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating around 0.7033 without any particular direction. Possibly, the pair may grow towards 0.7072 and then start another decline to beak 0.7000. After that, the instrument may continue trading inside the downtrend with the target at 0.6932.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 64.60. According to the main scenario, the price is expected to form a new descending structure to reach 64.25 and then start another growth to return to 64.60. If later the price breaks the range to the downside, the instrument may resume trading inside the downtrend with the short-term target at 63.66.
XAUUSD, “Gold vs US Dollar”
Gold has reached 1283.60; right now, it is trading downwards. Possibly, the pair may break 1280.33 and continue falling towards 1274.28. Later, the market may form one more ascending structure to return to 1280.33 and then resume trading inside the downtrend with the target at 1274.15.
BRENT
Brent is consolidating around 72.37. If later the price breaks the range to the upside, the instrument may resume trading inside the uptrend with the target at 76.50; if to the downside – start a new decline towards 70.30, form one more ascending structure to break 73.73, and then continue growing to reach 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.