Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After finishing the correction at 1.0844 and then rebounding from this level, EURUSD continues forming the fifth descending wave with the target at 1.0747; it has already completed the descending impulse at 1.0775. Possibly, the pair may form a new consolidation range around this level, which may be considered as a downside continuation pattern. Later, the market may break 1.0760 downwards and continue falling to reach the above-mentioned target or even extend this wave down to 1.0700.
GBPUSD, “Great Britain Pound vs US Dollar”
After completing the correction at 1.2420, GBPUSD is falling towards 1.2300. Possibly, today the pair may reach it and then start a new correction towards 1.2355. After that, the instrument may start another decline to break the short-term target at 1.2255 and then continue moving downwards to reach 1.2190.
USDRUB, “US Dollar vs Russian Ruble”
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USDRUB is forming a new descending impulse towards 73.50 and may later grow to reach 75.50, thus forming a new consolidation range. If later the price breaks this range to the downside, the market may resume trading inside the downtrend to break 71.55 and then continue falling with the target at 69.55.
USDJPY, “US Dollar vs Japanese Yen”
After finishing the ascending structure towards 107.97 along with the descending impulse at 107.50, USDJPY is consolidating around 107.60. Possibly, the pair may break the range to the downside to reach 107.17. After that, the instrument may resume growing with the target at 108.55.
USDCHF, “US Dollar vs Swiss Franc”
After rebounding from 0.9710, USDCHF continues growing with the target at 0.9785. Later, the market may correct towards 0.9750 and then form one more ascending structure to reach 0.9800.
AUDUSD, “Australian Dollar vs US Dollar”
After finishing the correction at 0.6400, AUDUSD is falling towards 0.6288. After that, the instrument may correct to reach 0.6340 and then resume trading inside the downtrend with the short-term target at 0.6233.
BRENT
Brent is consolidating around 25.00. Today, the pair may form one more ascending impulse towards 27.05 and then fall to return to 25.00 or even start a new correction with the target at 21.00. However, if the price grows and breaks 27.05, the market may resume trading upwards with the first target at 34.34.
XAUUSD, “Gold vs US Dollar”
Gold is still consolidating around 1729.50. Today, the pair may break the range to the downside and fall with the first target at 1702.70. After that, the instrument may start another growth to reach 1720.40.
BTCUSD, “Bitcoin vs US Dollar”
After reaching the target at 7550.00, BTCUSD is consolidating at this level. According to the main scenario, the price may start a new correction to reach 6700.00 and then form one more ascending structure towards 8500.00.
S&P 500
After finishing the ascending impulse at 2845.0, S&P 500 has completed the correction towards 2772.3. Possibly, today the price may resume growing towards 2927.5 and then start another correction with the target at 2660.5.
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.