Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is consolidating around 1.1127. Today, the pair may continue falling towards 1.1040 and then form one more ascending structure to return to 1.1127. After that, the instrument may resume trading downwards with the target at 1.0955.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD continues falling with the target at 1.2282. Today, the pair may consolidate around 1.2302. Possibly, the price may form one more ascending structure towards 1.2460 and then start a new decline to reach 1.2182. Later, the market may return to 1.2460 and then resume trading downwards with the target at 1.1960.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is forming the ascending wave towards 0.9578. Later, the market may form a new descending structure to reach 0.9445 and then start another growth with the target at 0.9680.
USDJPY, “US Dollar vs Japanese Yen”
After completing the ascending wave at 108.49, USDJPY has finished the correction towards 105.89. Today, the pair may continue growing to reach 108.70. After that, the instrument may start a new correction to return to 105.89 and then resume trading upwards with the target at 110.50.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD continues falling with the target at 0.6057. After that, the instrument may start a new correction towards 0.6303.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has finished the descending structure to reach 72.08. Possibly, today the pair may correct towards 74.02 and even return to 75.45. Later, the market may start another decline to break 72.10 and then continue trading downwards with the short-term target at 69.20.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is forming a wide consolidation range around 1.3853. Today, the pair may grow towards 1.4037 and then start a new decline to reach 1.3855. After that, the instrument may resume trading upwards with the short-term target at 1.4100.
XAUUSD, “Gold vs US Dollar”
Gold continues falling; it has almost broken the ascending channel and reached 1504.25. Possibly, today the pair may correct towards 1580.30 and then form a new descending structure to reach 1461.40. After that, the instrument may start a new growth with the target at 1580.30.
BRENT
Brent continues falling; right now, it is consolidating above 32.00. According to the main scenario, the price is expected to break the range to the downside and fall to reach 27.80. Later, the market may grow to test 31.90 from below and then resume trading downwards with the first target at 25.05.
BTCUSD, “Bitcoin vs US Dollar”
After failing to break 5900.00 and rebounding from this level to the downside, BTCUSD is consolidating around 5400.00 and trying to start a new decline towards 4800.00. If later the price breaks this level, the pair may form a new descending structure with the target at 3700.00.
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.