Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has formed the consolidation range above 1.1283 and broken it downwards. Today, the pair may fall to reach 1.1266 and then grow to test 1.1283 from below. After that, the instrument may resume trading inside the downtrend with the short-term target at 1.1225.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has formed the consolidation range above 1.2683 and broken it downwards. Possibly, today the pair may form a new descending structure towards 1.2660 and then start a new growth to test 1.2683 from below. Later, the market may resume trading inside the downtrend with the short-term target at 1.2622.
USDCHF, “US Dollar vs Swiss Franc”
Free Reports:
USDCHF has reached 0.9957; right now, it is consolidating below it. Today, the pair may break this level and form one more ascending structure towards 0.9990. After that, the instrument may resume trading downwards to test 0.9960 from above and then continue trading inside the uptrend with the short-term target at 1.0056.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating around 108.52 without any particular direction. Possibly, the pair may form one more ascending structure to reach 108.80 and then resume falling towards 108.52. Later, the market may and then start another growth with the short-term target at 109.18.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still trading downwards with the short-term target at 0.6830; by now, it is has reached the predicted target at 0.6960. Possibly, the pair may start another correction towards 0.6930 and then resume trading downwards to reach the above0-mentioned target.
USDRUB, “US Dollar vs Russian Ruble”
After reaching the first upside target at 64.69, USDRUB has completed the correction at 64.53, thus forming a new consolidation range. If later the price breaks the range to the upside, the instrument may continue the correction towards 64.88; if to the downside – resume trading inside the downtrend with the short-term target at 64.20.
XAUUSD, “Gold vs US Dollar”
Gold is trading upwards; it has almost reached 1347.74. Possibly, the pair may rebound from this level and then form a new descending structure with the first target at 1334.30. Later, the market may start another growth towards 1342.60.
BRENT
Brent is trading upwards to reach 63.17. After that, the instrument may be corrected towards 61.51 and then form one more ascending structure with the short-term target at 66.00.
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.