Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After forming the second descending impulse at 1.0954, EURUSD is correcting to reach 1.1044. After that, the instrument may resume falling to break 1.1005 and then continue trading downwards with the target at 1.0930.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD continues falling towards 1.1940. Possibly, the pair may reach this level and then start consolidating near the lows. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 1.1810; if to the upside – start a new correction towards 1.2444.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF has completed the ascending structure at 0.9650; right now, it is correcting towards 0.9555. Later, the market may start a new growth with the target at 0.9700.
USDJPY, “US Dollar vs Japanese Yen”
After finishing the ascending structure to 107.77, USDJPY is correcting towards 106.44. After that, the instrument may resume trading upwards with the short-term target at 108.20.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has finished the descending structure at 0.5964; right now. it is correcting to reach 0.6065. After that, the instrument may start a new decline with the target at 0.5888.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 74.47. Possibly, today the pair may expand the range up to 76.00. Later, the market may resume trading downwards to reach 73.30 and then start another growth with the target at 77.38.
USDCAD, “US Dollar vs Canadian Dollar”
After completing the ascending wave at 1.4275, USDCAD is consolidating above 1.4180. Today, the pair may break this level to the downside and start a new correction with the target at 1.4082.
XAUUSD, “Gold vs US Dollar”
Gold has completed the second ascending impulse at 1550.70. Possibly, today the pair may fall to reach 1501.55 and then resume trading upwards with the target at 1566.60. Later, the market may form a new descending structure towards 1440.00.
BRENT
Brent continues falling with the target at 27.90. According to the main scenario, the price may reach this level and then start another correction to test 32.00 from below. Later, the market may resume trading downwards with the target at 25.05.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is consolidating around 5100.00. Possibly, today the pair may expand the range up to 5800.00 and then form a new descending structure to break 4800.00. After that, the instrument may continue falling with the target at 3900.00.
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.
