Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has finished the ascending wave 1.0997; right now, it is forming the first descending impulse with the predicted target at 1.0957. Later, the market may start another correction to reach 1.0978, thus forming a new consolidation range between these two levels. After breaking this range to the downside, the instrument may continue trading inside the downtrend with the target at 1.0895.
GBPUSD, “Great Britain Pound vs US Dollar”
After breaking 1.2323, GBPUSD has reached 1.2400; right now, it is moving downwards. The target is at 1.2299. After that, the instrument may resume trading upwards with the target at 1.2355.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is moving upwards to reach 1.0018. Later, the market may form a new descending structure towards 0.9987 and then start another growth with the target at 1.0040.
USDJPY, “US Dollar vs Japanese Yen”
After breaking the consolidation range to the downside, USDJPY has reached 106.60. Possibly, today the pair may grow to break 107.25 and then continue moving upwards with the target at 108.00.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken the consolidation range to the upside; right now, it is still moving upwards to reach 0.6760. After that, the instrument may start a new decline towards 0.6730 and then continue trading upwards with the target at 0.6780.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating above 65.00. Today, the pair may break 65.00 downwards. The first target is at 64.50. Later, the market may start a new correction to return to 65.00.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is still consolidating above 1.3318. If later the price breaks this range to the downside, the instrument may start a new correction with the target at 1.3285; if to the upside – resume moving upwards to reach 1.3373.
XAUUSD, “Gold vs US Dollar”
Gold has completed the descending impulse; right now, it is consolidating around 1507.70. the main scenario implies that the pair may fall with the first target at 1496.50. Later, the market may start another correction towards 1507.50.
BRENT
Brent is moving upwards. Possibly, the pair may break 58.50. The first target is at 60.64. Later, the market may start another correction to return to 58.50 and then resume growing to reach 64.05.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD has reached 8020.00. Possibly, today the pair may form one more ascending structure towards 8200.00, thus forming a new consolidation range between these two levels. If later the price breaks this range to the downside, the instrument may resume falling with the target at 7850.00; if to the upside – start another growth to reach 8400.00.
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.
