Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After finishing the descending wave at 1.1220, EURUSD is correcting towards 1.1307. Later, the market may fall to reach 1.1259 and then grow to complete the correction at 1.1338. After that, the instrument may start a new decline with the target at 1.1200.
GBPUSD, “Great Britain Pound vs US Dollar”
After completing the descending wave at 1.2500, GBPUSD is expected to start a new correction with the first target at 1.2577. After that, the instrument may form a new descending structure to reach 1.2525.
USDRUB, “US Dollar vs Russian Ruble”
Free Reports:
USDRUB is correcting towards 70.41. After that, the instrument may fall towards 69.16 and then grow to reach 69.80, thus forming a new consolidation range. If later the price breaks the range to the upside, the market may continue the correction to reach 71.40; if to the downside – resume trading downwards with the target at 68.06.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is falling towards 106.95. After that, the instrument may consolidate. If later the price breaks the range to the upside, the market may start another correction to reach 108.20; if to the downside – resume trading downwards with the target at 106.00.
USDCHF, “US Dollar vs Swiss Franc”
After finishing the ascending impulse at 0.9552, USDCHF is expected to fall towards 0.9450. Later, the market may grow to break 0.9555 to the upside and continue trading upwards with the target at 0.9625.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is forming a new descending structure towards 0.6778; right now, it is consolidating around 0.6853. Possibly, today the pair may break the range downwards 0.6854 and then start another decline to return to 0.6778. After that, the instrument may resume growing with the target at 0.6922.
BRENT
Brent is consolidating around 38.25. Today, the pair may fall to reach 36.39 and then grow towards 39.64. Later, the market may form a new descending structure towards 35.65 to finish this wave and then resume trading upwards with the target at 40.50.
XAUUSD, “Gold vs US Dollar”
Gold is falling to break 1721.00. After that, the instrument may continue trading downwards with the short-term target at 1700.00.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is falling towards 9059.00. Possibly, today the pair may reach it and then grow with the target at 9700.00. Later, the market may fall to break 9000.00 and then continue trading inside the downtrend towards 8000.00.
S&P 500
The Index is falling towards 2980.5. After that, the instrument may form one more ascending structure with the target at 3114.7 and then resume trading downwards to reach 2770.5.
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.