Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After reaching the downside target at 1.0920 and completing the correction towards 1.0966, EURUSD started another decline with the target at 1.0868 and has already broken 1.0922 to expand the range downwards. After that, the instrument may test 1.0922 from below and then resume trading inside the downtrend with the target at 1.0882.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating around 1.2333. Possibly, today the pair may start a new decline towards 1.2283 and then resume trading upwards to return to 1.2333.
USDCHF, “US Dollar vs Swiss Franc”
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After finishing the correction at 0.9910, USDCHF is forming one more ascending structure with the target at 0.9955. Later, the market may start a new decline towards 0.9920.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has reached another upside target at 107.90; right now, it is moving downwards. Possibly, the pair may form a new descending structure towards 107.44 and then resume trading upwards with the target at 108.21.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still falling. Today, the pair may form a new descending structure towards 0.6735 and then start another correction with the target at 0.6817.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB continues consolidating above 64.00. Possibly, the pair may fall to reach 63.90 and then start another growth towards 64.55 to complete the correction. Later, the market may resume trading inside the downtrend with the target at 63.30.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is consolidating above 1.3260. According to the main scenario, the instrument may fall to reach 1.3220 and then resume trading upwards with the target at 1.3300.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating 1504.44. The main scenario implies that the pair may form a new descending wave to reach 1496.55. After that, the instrument may start a new growth with the target at 1511.60.
BRENT
Brent is consolidating above 61.43. Possibly, the pair expand the range towards 60.70 and then form one more ascending structure to beak 63.36. Later, the market may continue trading upwards with the first target at 65.55.
BTCUSD, “Bitcoin vs US Dollar”
After breaking 8068.00, BTCUSD continues falling and forming a continuation pattern. Today, the pair may reach 7515.00 and then start a new growth to return to 8068.00. Later, the market may continue trading inside the downtrend with the target at 7373.00.
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.
