Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After finishing the correction at 1.1024 and then falling towards 1.1014, EURUSD is consolidating inside Triangle pattern. If later the price breaks this range to the upside at 1.1024, the market may continue the correction towards 1.1035; if to the downside at 1.1007 – resume trading inside the downtrend with the target at 1.0984.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has broken 1.2874 to the downside; right now, it is consolidating around 1.2854. The main scenario implies that the price may continue trading inside the downtrend to reach 1.2798 and then start another correction to return to 1.2854. After that, the instrument may form a new descending structure with the short-term target at 1.2780.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is still consolidating around 0.9974 without any particular direction. Possibly, today the pair may expand the range towards 0.9987 and then fall to return to 0.9974. If later the price breaks this range to the upside, the market may form one more ascending structure towards 0.9999; if to the downside – start a new correction with the target at 0.9932.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has almost reached its correctional target. Today, the pair may continue growing towards 109.16 and then start a new decline to reach 109.01, thus forming another consolidation range. If later the price breaks this range to the downside, the market may form the third descending wave with the short-term target at 108.60.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has returned to 0.6791; right now, it is consolidating around this level. Possibly, today the pair may form a new descending structure to reach 0.6763. Later, the market may continue trading upwards with the target at 0.6791.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 64.04. Possibly, the pair may expand the range both ways towards 63.88 and 64.17 respectively. After that, the instrument may break it to the downside and fall with the target at 63.61.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has broken 1.3290 downwards. Possibly, the pair may continue falling with the short-term target at 1.3265. Later, the market may start a new correction to return to 1.3290.
XAUUSD, “Gold vs US Dollar”
After completing another descending structure at 1450.35, Gold has returned to 1461.50; right now, it is moving downwards again. Possibly, the pair may reach 1446.84 and then return to 1461.50. Later, the market may start another decline with the target at 1444.00.
BRENT
Brent has broken 63.72. Possibly, the pair may grow to break 64.18 and then continue trading upwards to reach 64.50. After that, the instrument may start a new correction to return to 63.72 and then form one more ascending structure with the target at 65.60.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is consolidating around 7081.00. Today, the pair may start another decline towards 6930.00 and then continue trading upwards to return to 7081.00. Later, the market may form a new descending structure with the short-term target at 6864.00.
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.
