Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After finishing the first descending impulse at 1.1020, EURUSD has completed the correction at 1.1052; right now, it is forming the second descending impulse with the predicted target at 1.0977. After that, the instrument may grow to reach 1.1017 and then form the third impulse towards 1.0960. All these three impulses may be considered as the start of another wave inside the downtrend.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is forming the second descending impulse with the target at 1.2222. Later, the market may be corrected towards 1.2280 and then start the third impulse to reach 1.2100.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is forming the third ascending impulse with the target at 0.9940. Later, the market may form a new descending structure to reach 0.9860 and then resume trading upwards with the target at 1.0000.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is forming the third descending impulse. Today, the pair may fall to reach 106.50 and start a new correction towards 106.80. After that, the instrument may continue trading downwards with the target at 106.20.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating above 0.6845. If later the price breaks this range to the upside at 0.6860, the instrument may form one more ascending structure to reach 0.6890 and then fall towards 0.6796; if to the downside at 0.6827 – start another decline with the target at 0.6767.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB continues falling to reach 65.19. Possibly, today the pair may trade upwards with the target at 66.12 and then resume falling to return to 65.19.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is moving downwards. Today, the pair may fall to reach 1.3150 and then form one more ascending structure with the target at 1.3250.
XAUUSD, “Gold vs US Dollar”
Gold continues moving downwards to reach 1496.00. After that, the instrument may start another correction towards 1526.30 and then resume trading downwards with the target at 1475.50.
BRENT
Brent is moving upwards. Possibly, the pair may form a new ascending wave with the target at 65.00. After that, the instrument may start another correction to reach 63.00 and then resume trading inside the uptrend towards 70.00.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is moving downwards to reach 9800.00. Later, the market may form one more ascending structure towards 10700.00 and then resume trading inside the downtrend with the first target at 9500.00.
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.
