Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is forming one more descending impulse towards 1.1047. After that, the instrument may start a new growth to reach 1.1072, thus forming another consolidation range. If later the price breaks this range to the downside, the pair may resume trading downwards with the short-term target at 1.1027.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is forming another descending impulse towards 1.2873. After that, the instrument may resume growing to reach 1.2920. Later, the market may start a new decline with the target at 1.2770.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is forming the ascending impulse towards 0.9941. After that, the instrument may fall to reach 0.9922, thus forming a new consolidation range. If later the price breaks this range to the upside, the market may resume growing to reach 0.9969; if to the downside – start a new correction with the target at 0.9916.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating around 108.56. Possibly, the pair may form one more ascending structure towards 108.83 and then resume trading inside the downtrend to reach 108.08.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating around 0.6792. Later, the market may break this range to the downside and continue trading inside the downtrend with the short-term target at 0.6763.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 63.73. Possibly, today the pair may fall to reach 63.45 and then form one more ascending structure to return to 63.72. If later the price breaks this range to the upside, the market may continue growing towards 64.40; if to the downside – form a new descending structure with the target at 63.30.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has finished the descending impulse towards 1.3270. Today, the pair may start a new growth to reach 1.3308, thus forming another consolidation range. If later the price breaks this range to the downside, the market may resume falling towards 1.3240; if to the upside – form one more ascending structure with the target at 1.3342.
XAUUSD, “Gold vs US Dollar”
Gold has completed the descending impulse at 1461.91. Possibly, the pair may start a new correction towards 1470.20 and then continue trading inside the downtrend with the short-term target at 1463.60.
BRENT
Brent has finished the second ascending impulse towards 63.96. Possibly, today the pair may start another correction to reach 62.95, at least. After that, the instrument may resume trading upwards with the first target at 65.50.
BTCUSD, “Bitcoin vs US Dollar”
After breaking the consolidation range to the downside and reaching 7373.00, BTCUSD has completed the ascending impulse at 7650.00; right now, it is correcting towards 7510.00. Later, the market may resume trading upwards with the first target at 7850.00.
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.
