Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After finishing two descending impulses, EURUSD has reached the closest correctional target at 1.1130. Possibly, the pair may form one more descending wave towards 1.1122 and then start a new growth to reach 1.1189. in fact, the market is expected to form the fifth ascending wave. The key predicted target is at 1.1236.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is moving upwards. Possibly, the pair may extend the current wave towards the target at 1.3028. Today, the price may reach 1.2985 and then start another decline towards 1.2920. Later, the market may resume trading upwards to reach the above-mentioned target.
USDCHF, “US Dollar vs Swiss Franc”
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After breaking the consolidation range downwards at 0.9862, USDCHF is falling towards 1.9842. Today, the pair may reach this level and then form one more ascending structure towards 0.9865, at least. After that, the instrument may start a new decline with the target at 0.9813.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed the descending impulse with the first target at 107.90. Possibly, today the pair may correct this impulse towards 108.56 and then fall to break 107.80. Later, the market may continue trading downwards with the target at 106.75.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed the correction at 0.6883; right now, it is moving upwards. Possibly, the pair may reach 0.6925 and then form a new descending structure towards 0.6903. After that, the instrument may start another growth with the target at 0.6970.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving upwards to return the upside border of the range. Possibly, the pair may break 64.13 and then continue the correction with the short-term target at 64.53.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is falling towards 1,3100. Possibly, today the pair may reach this level and then start a new growth with the target at 1.3185.
XAUUSD, “Gold vs US Dollar”
After breaking the consolidation range to the upside, Gold has reached 1514.00. Today, the pair may fall towards 1496.60 and then start a new correction with the target at 1505.33.
BRENT
Brent is consolidating around 60.00. Possibly, today the pair may form one more ascending structure towards 60.38 and then resume trading downwards to reach 59.33 to complete the correction. Later, the market may start a new growth with the first target at 60.85.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD has expanded the consolidation range towards 9390.00; right now, it is moving downwards. Possibly, the pair may reach 8700.0 and then resume moving upwards with the target at 9700.00.
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.