Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After breaking 1.1140, EURUSD has expanded the range towards 1.1170. Possibly, today the pair may fall to return to 1.1140 and then grow to reach 1.1155. If later the price breaks this range to the upside, the instrument may form one more ascending structure towards 1.1175; if to the downside – start a new correction with the target at 1.1072.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed the descending impulse at 1.2880. Today, the pair may grow towards 1.2944, thus forming a new consolidation range between these two levels. If later the price breaks this range to the downside, the instrument may start another correction towards 1.2777; if to the upside – resume trading upwards to reach 1.3000 and then continue moving inside the downtrend with the first target at 1.2555.
USDCHF, “US Dollar vs Swiss Franc”
Free Reports:
USDCHF is moving upwards to reach 0.9865. After that, the instrument may fall towards 0.9850. If later the price breaks this range to the upside, the instrument may form one more ascending structure towards 0.9927; if to the downside – start a new decline to reach 0.9830 and then resume trading upwards with the first target at 0.9930.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed the ascending structure at 108.51. Possibly, the pair may continue falling towards 108.21 and then resume moving upwards to return to 108.51. If later the price breaks this range to the downside, the instrument may form a new descending structure with the first target at 107.98.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is moving upwards. Possibly, the pair may reach 0.6864. After that, the instrument may start another decline with the first target at 0.6791.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating below 64.04. According to the main scenario, the price is expected to continue falling to reach 63.63. Later, the market may grow towards 63.85 and then continue trading inside the downtrend with the target at 63.53.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has reached the downside target at 1.3125. Today, the pair may grow to reach 1.3177 and then continue falling towards 1.3155. Later, the market may break this range to the upside and form one more ascending structure with the first target at 1.3344.
XAUUSD, “Gold vs US Dollar”
Gold is still consolidating above 1487.70. Possibly, the pair may grow towards 1498.30 and then resume falling to break 1483.60 and then continue trading inside the downtrend with the target at 1470.90.
BRENT
Brent continues the correction towards 58.95. Later, the market may resume trading upwards with the first target at 60.50 and then start a new decline to reach 59.70.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is forming the second ascending impulse with the target at 8316.00 After that, the instrument may form a new descending structure to reach 8085.00 and then resume growing towards the first target at 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.