Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After returning to 1.1313, EURUSD has formed an upside continuation pattern and broken it upwards to reach the short-term target at 1.1355. Possibly, today the pair may form a new descending structure to reach 1.1300 and then start a new growth towards 1.1363 to complete the correction. Later, the market may resume trading inside the downtrend with the target at 1.1100.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has broken 1.2915 upwards and almost extended this ascending structure twice. Today, the pair may start a reversal pattern close to the current highs for a new decline to return to 1.2915. After that, the instrument may form one more ascending structure to reach 1.2995.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF has broken 1.0042 downwards and completed another descending wave at 1.0005 to finish the correction. Possibly, today the pair may reach 1.0045 and then resume falling towards 0.9993. Later, the market may resume trading upwards with the target at 1.0166.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is forming another ascending structure with the target at 110.95. Today, the pair may reach this target and then resume falling with the first target at 110.25.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still being corrected upwards with the target at 0.7177. After that, the instrument may form a new descending structure towards 0.7030.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating close to the downside border. If later the instrument breaks 66.02 to the downside, the price may start a new decline to reach 65.38 and continue forming the wave with the short-term target at 60.90; if 66.40 to the upside – form one more ascending structure to reach 67.05 and then resume trading inside the downtrend with the above-mentioned target.
XAUUSD, “Gold vs US Dollar”
Gold has broken the consolidation range upwards and almost extended this structure twice to reach the target at 1346.77. Possibly, the pair may form a reversal pattern near the current highs. The first downside target is at 1324.24.
BRENT
Brent is moving upwards. Possibly, today the pair may break 66.66 to the upside and then form one more ascending structure with the target at 68.45. After that, the instrument may fall to return to 66.66 and then start a new growth towards 69.85.
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.
