Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has completed the correction at 1.1020; right now, it is moving downwards. Possibly, the pair may reach 1.0982 and then form one more ascending structure towards 1.1002. After that, the instrument may resume trading inside the downtrend with the target at 1.0960.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has finished the correction at 1.2500; right now, it is moving downwards to reach 1.2400. Later, the market may start another growth towards 1.2460 and then form a new descending structure with the target at 1.2310.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is moving upwards with the target at 0.9880. After that, the instrument may fall towards 0.9860 and then start a new growth with the first target at 0.9920.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is forming the ascending impulse towards 107.45. Later, the market may start a new correction to reach 107.20 and then resume trading upwards with the target at 107.77.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed the correction at 0.6800. Possibly, the pair may form one more ascending structure towards 0.6815. Later, the market may start a new decline with the target at 0.6740.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating in the center of the range around 63.83. Today, the pair may fall to reach 63.30 and then start a new rising correction towards 65.00.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading to rebound from 1.3230 upwards. Possibly, today the pair may grow to reach 1.3260 and then resume falling towards 1.3227. Later, the market may form one more ascending structure with the target at 1.3300.
XAUUSD, “Gold vs US Dollar”
Gold continues moving upwards. Possibly, the pair may reach 1540.00 and then form a new descending structure with the first target at 1512.00.
BRENT
Brent has broken 63.15 downwards. Possibly, today the pair may choose an alternative scenario, which implies that it may grow to test this level from below and then resume moving downwards to reach 60.70. However, the main scenario suggests that the market may continue growing with the target at 68.88.
BTCUSD, “Bitcoin vs US Dollar”
After reaching the predicted downside target at 8800.00 without any corrections and extending the wave towards 8100.00, BTCUSD has completed the ascending impulse; right now, it is correcting to reach 8400.00. After that, the instrument may start a new growth to reach 9400.00 and then resume trading downwards with the target at 7900.00. Later, the market may start another correction towards 11100.00.
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.
