Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has reached the predicted downside target; right now, it is consolidating around 1.1222. If later the price breaks the range to the upside, the instrument may start a new correction towards 1.1295; if to the downside – resume trading inside the downtrend with the target at 1.1200.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has reached the short-term downside target; right now, it is trading upwards with the target at 1.2546. Later, the market may start another decline towards 1.2515 and then form one more ascending structure to reach 1.2584.
USDCHF, “US Dollar vs Swiss Franc”
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After breaking the consolidation range to the upside, USDCHF has almost completed the first expansion at 0.9930. Possibly, today the pair may test 0.9890 from above. If later the price breaks 0.9930 to the upside, the instrument may resume trading inside the uptrend towards 0.9960; if 0.9888 to the downside – continue the correction with the target at 0.9845.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading downwards with the short-term target at 108.18. After that, the instrument may start a new growth towards 108.38 and then continue trading downwards to reach 108.14.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading upwards with the target at 0.6990. After that, the instrument may form a new descending structure towards 0.6975 and then form one more ascending structure to reach 0.7020.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is trading upwards with the short-term target at 64.06. After that, the instrument may start another decline towards 63.40 and then continue trading upwards with the first target at 64.40.
XAUUSD, “Gold vs US Dollar”
Gold has finished the first descending impulse; right now, it is being corrected towards 1404.30. Later, the market may form a new descending structure to break 1383.00 and then continue trading downwards with the target at 1330.00.
BRENT
Brent has completed the ascending structure at 64.86. Today, the pair may be corrected towards 63.65, thus forming a new consolidation range. If later the price breaks this range to the upside, the instrument may resume trading inside the uptrend towards 67.70; if to the downside – continue the correction to reach with the target at 62.00.
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.
