Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After failing to break the descending channel, EURUSD has updated the low and may later continue the current wave to the downside; right now, it is consolidating around 1.1011. If later the price breaks this range to the upside at 1.1020, the market may resume moving upwards to reach 1.1044; if to the downside at 1.1000 – start a new decline with the target at 1.0988.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed the descending structure at 1.2815, thus forming a new consolidation range. If later the price breaks this range to the downside, the market may continue moving downwards to reach 1.2766; if to the upside – start another growth with the target at 1.2970.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF has broken 0.9950; right now, it continues forming the second descending impulse with the target at 0.9905. Later, the market may start a new correction to reach 0.9950 and then resume trading downwards with the first target at 0.9892.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY continues consolidating around 109.06. Possibly, today the pair may fall to reach 108.67. Alter, the market may form one more ascending structure to return to 109.06 and then trade downwards with the target at 108.64.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating near the lows. Today, the pair may form one more ascending structure towards 0.6886 and then resume trading downwards to reach 0.6800.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving upwards; it has almost broken 64.04 to the upside. Possibly, today the pair may grow to reach 64.18 and then form a new descending structure towards 64.06. Later, the market may resume trading upwards with the target at 64.34.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has completed the descending impulse towards 1.3215 along with the correction at 1.3247. According to the main scenario, the price is expected to break this range downwards and start a new decline with the target at 1.3172.
XAUUSD, “Gold vs US Dollar”
Gold has expanded the range towards 1445.55; right now, it is moving upwards to reach 1464.50. Later, the market may form a new descending structure with the target at 1440.84 and then resume growing towards 1482.50.
BRENT
Brent has reached the upside border of the range once again; right now, it is moving downwards. Possibly, the pair may break 62.10 and then continue falling with the target at 60.60. After that, the instrument may form one more ascending structure towards 64.40.
BTCUSD, “Bitcoin vs US Dollar”
After reaching 8535.00, BTCUSD has completed the ascending structure at 8806.00, thus forming a new consolidation range. If later the price breaks this range to the upside, the market may continue the correction to reach 9300.00; if to the downside – resume trading inside the downtrend with the target at 8050.00.
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.
