Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has finished another ascending structure. Possibly, today the pair may fall to reach 1.1548 and form a new consolidation range. If the instrument breaks this range to the downside, the price may resume falling towards 1.1483; if to the upside – continue the correction to reach 1.1650.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed another descending structure and right now is being corrected. Today, the pair may test 1.3011 from below and then resume trading inside the downtrend with the target at 1.2907.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is still consolidating. If the instrument breaks this range to the upside, the price may resume growing to reach 0.9930; if to the downside – start a new correction towards 0.9790 and then resume trading upwards.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has finished the descending impulse along with the correction. Possibly, today the pair may fall towards 113.42, break it, and then continue trading inside the downtrend with the short-term target at 112.98.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is forming the fifth descending structure to reach 0.7155. Later, the market may start another correction towards 0.7234.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has formed another consolidation range; right now, it is trading to rebound from the center to the downside. Possibly, today the pair may reach 64.50. If the price breaks the upside border, the instrument may be corrected with the target at 66.15.
XAUUSD, “Gold vs US Dollar”
Gold has completed the fourth structure. Possibly, the pair may form a new consolidation range near the highs. After that, the instrument may break it downwards and start a new descending wave with the first target at 1194.00.
BRENT
Brent is consolidating close to the highs. Today, the pair may expand the range towards 85.90 and then fall to reach 84.54. If the instrument breaks this range to the upside, the price may grow to reach 87.60; if to the downside – start another decline with the target at 83.20.
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.
