Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is being corrected towards 1.1792. Later, in our opinion, the market may continue falling inside the downtrend to reach the next target at 1.1700 and then form another consolidation range.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is forming another descending impulse. We think, today the price may continue falling towards the local target at 1.3180. After that, the instrument may grow towards 1.3390.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair is being corrected towards 0.9800. Later, in our opinion, the market may grow towards 0.9990 and then start another consolidation range.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is trading to break the upside border of the range to continue forming the third ascending wave towards 114.14. After that, the instrument may start another consolidation range and then grow to reach the local target of the third wave at 114.75.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is consolidating near the lows. If later the instrument breaks this range to the downside, the market may continue falling to reach 0.7470; if to the upside – start another correction with the target at 0.7550.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating above 59.09. If later the instrument breaks this range to the upside, the market may continue growing towards 60.05; if to the downside – falling to reach 58.58.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating near the lows. If later the instrument breaks this range to the upside, the market may start another correction towards 1261; if to the downside – continue falling inside the downtrend with the target at 1237.
BRENT
Brent has completed the ascending structure towards 63.80, which may be considered as the first structure of another wave to continue the trend. Possibly, today the price may fall to reach 62.30 and then start forming another ascending structure with the target at 65.30.
RoboForex Analytical Department
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.
