Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After reaching the short-term upside target, EURUSD has completed the correction at 1.1248; right now, it is forming the fifth wave towards 1.1300. Possibly, the pair may reach this level and then return to 1.1248. After that, the instrument may break it and then continue trading inside the downtrend with the target at 1.1180.
GBPUSD, “Great Britain Pound vs US Dollar”
After reaching the short-term upside target, GBPUSD has finished the correction at 1.2507; right now, it is forming the fifth ascending wave towards 1.2575. Later, the market may form a new descending structure to break 1.2500 and then continue trading inside the downtrend with the target at 1.2400.
USDCHF, “US Dollar vs Swiss Franc”
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After reaching the downside target, USDCHF has completed the correction at 0.9898. Possibly, today the pair may consolidate. If later the price breaks this range to the upside, the instrument may continue trading upwards with the first target at 0.9999.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has finished the correction at 108.50; right now, it is consolidating. According to the main scenario, the price is expected to fall and break 108.00. After that, the instrument may continue trading downwards with the target at 107.20.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is moving upwards. Possibly, the pair may reach 0.6997 and then form a new descending structure to break 0.6940. Later, the market may form another consolidation range. If the price breaks this range to the upside, the instrument may form one more ascending structure towards 0.7000; if to the downside – continue trading inside the downtrend with the target at 0.6830.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 63.09. If later the price breaks this range to the downside, the instrument may start another decline to reach 62.22; if to the upside – form one more ascending structure with the target at 64.22.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating around 1407.95. Possibly, today the pair may grow towards 1431.00 and then start another decline to return to 1407.95. After that, the instrument may break this level and then continue trading downwards with the target at 1382.00.
BRENT
Brent is consolidating at the top of the structure. Today, the pair may fall to break 66.66 and then reach the target at 63.75. This movement may be considered as a descending correction. Later, the market may continue trading inside the uptrend with the short-term target at 70.00.
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.