Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After finishing the correction, EURUSD is moving upwards. Possibly, the pair may form one more ascending wave towards 1.1231. Today, the price may reach 1.1181 and then resume falling to reach 1.1156. After that, the instrument may start another growth with the target at 1.1202.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating around 1.2948. Possibly, today the pair may form a new descending structure to reach 1.2909 and then resume trading upwards to break 1.2975. Later, the market may continue growing with the target at 1.3087.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is consolidating around 0.9870. Today, the pair may fall to reach 0.9840 and then form one more ascending structure towards 0.9870. 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 ascending impulse at 108.23 along with the correction; right now, it is forming the second impulse. Possibly, the pair may break 108.27 and then continue the correction towards 108.56. Later, the market may continue trading downwards with the target at 108.27.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is moving upwards. Today, 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 0.6950.
USDRUB, “US Dollar vs Russian Ruble”
After rebounding from 64.14 and then breaking 63.56, USDRUB is moving downwards to reach 63.00. The pair isn’t traded today due to the holiday in Russia. After the market opening tomorrow, the pair may reach 63.27 and then form one more ascending structure towards 63.63. Later, the market may resume falling with the short-term target at 63.00.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is falling; it has already broken 1.3145. Possibly, the pair may continue trading downwards to reach 1.3104 and then start a new growth with the target at 1.3155.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating above 1506.15. Today, the pair may fall towards 1496.60. After that, the instrument may start another growth to return to 1506.15 to test it from below and then form a new descending structure with the target at 1480.00.
BRENT
After reaching 60.85, Brent has completed the continuation pattern to extend this wave towards 62.16. Possibly, today the pair may form a new descending structure to reach 60.84 and then resume growing towards 61.50, thus forming another consolidation range between these levels. If later the price breaks this range to the downside, the market may continue moving downwards to reach 59.33; if to the upside – resume trading inside the uptrend with the short-term target at 64.00.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is moving downwards. Possibly, today the pair may fall to break 9040.00 and then continue the correction towards 8900.00. Later, the market may start another growth to return to 9040.00 and then resume moving downwards to reach the key correctional target at 8700.00. After that, the instrument may form one more ascending structure 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.
