Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After extending the descending impulse towards 1.1240, EURUSD has completed the ascending structure at 1.1360, thus forming a new consolidation range between these two levels. Possibly, today the pair may fall to reach 1.1300. If later the price breaks the range to the upside, the market may start another growth towards 1.1414; if to the downside – resume trading inside the downtrend with the target at 1.1208.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating around 1.2686. Today, the pair may form one more ascending structure to reach 1.2750. After that, the instrument may start another decline towards 1.2626 and then resume trading upwards with the target at 1.2868. If later the price breaks the range to the downside, the market may form a new descending structure to reach 1.2460.
USDRUB, “US Dollar vs Russian Ruble”
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USDRUB is still consolidating around 68.80. Possibly, today the pair may reach 67.55 and then start a new correction with the target at 69.59.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is falling towards 107.49. After that, the instrument may form one more ascending structure to break 108.02 and then continue trading upwards with the first target at 108.40.
USDCHF, “US Dollar vs Swiss Franc”
After finishing the descending wave at 0.9484, USDCHF is consolidating near the lows. Possibly, the pair may form one more ascending structure to break 0.9515 and then continue trading upwards with the first target at 0.9565.
AUDUSD, “Australian Dollar vs US Dollar”
After finishing the descending wave at 0.6903, AUDUSD is still correcting towards 0.6983. Possibly, the pair may reach this level and then start another decline with the target at 0.6833.
BRENT
Brent is consolidating around 41.00. Today, the pair may correct towards 38.80 and then resume trading upwards with the short-term target at 43.43.
XAUUSD, “Gold vs US Dollar”
Gold is moving near the highs. Possibly, today the pair may reach 1720.40 and then form a new descending wave to break 1695.70. After that, the instrument may continue trading inside the downtrend with the short-term target at 1658.30.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is consolidating around 9698.00. Today, the pair is expected to expand the range up to 9833.00. Later, the market may fall to break 9550.00 and then continue trading downwards with the target at 9100.00.
S&P 500
The Index continues the ascending wave towards 3250.5; right now, it is consolidating around 3212.2. Possibly, today the asset may grow to reach 3233.3 or even 3250.5 and complete this ascending wave. After that, the instrument may start a new correction with the target at 3125.5.
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.
