Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has reached 1.1540. Possibly, today the pair may expand the consolidation range towards 1.1450. If later the instrument breaks this range to the downside, the price may resume trading inside the downtrend towards 1.1344; if to the upside – continue the correction to reach 1.1650.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has reached 1.3030. Today, the pair may start another decline towards 1.2870 and then resume growing with the target at 1.2994.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF has reached the short-term upside target. Possibly, today the pair may form a new consolidation range near the highs with a reversal pattern and start another correction to reach 0.9760. After that, the instrument may move upwards with the target at 0.9990.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is forming the first descending impulse. Today, the pair may reach 113.58 and then grow towards 114.07, thus forming a new consolidation range. If the instrument breaks 114.20 to the downside, the price may start another decline with the short-term target at 112.00.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating near the lows. Possibly, the pair may break the upside border and start a new correction to reach 0.7130. Later, the market may resume falling towards the target at 0.7000.
USDRUB, “US Dollar vs Russian Ruble”
After the gap up, USDRUB has reached first target of the correction. Possibly, today the pair may form a new descending structure towards 66.05 and then grow to reach 67.16. After that, the instrument may resume falling with the target at 66.60 and then start another growth towards 68.10.
XAUUSD, “Gold vs US Dollar”
Gold is moving downwards with the target at 1194.00. After that, the instrument may grow to reach 1201.00 and then start a new descending wave towards the short-term target at 1187.00.
BRENT
Brent is consolidating near the highs. Today, the pair may fall towards 85.55 and then fall to reach 84.00. Later, the market may return to 85.55. If the instrument breaks this range to the downside, the price may start a new correction with the target at 81.65.
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.
