Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After forming another consolidation range close to the lows and breaking it to the upside, EURUSD has almost completed the correction towards the center of this descending wave. Possibly, the pair may form a new consolidation range above 1.1132. If later the price breaks this range to the downside, the instrument may resume trading inside the downtrend with the first target at 1.1100.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has reached the short-term target of the third ascending wave at 1.2284. Today, the pair may be corrected towards 1.2205 and then form one more ascending structure with the predicted target at 1.2323.
USDCHF, “US Dollar vs Swiss Franc”
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After forming another consolidation range above 0.9835 and breaking to the downside, USDCHF has completed the descending correction at 0.9720. Today, the pair may form a new consolidation range near the current lows. Later, the market may break 0.9777 upwards and start another growth with the first target at 0.9815.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has finished another descending structure; right now, it is moving downwards to reach 106.04. After that, the instrument may start a new correction towards 105.60 and then resume trading upwards with the target at 106.70.
AUDUSD, “Australian Dollar vs US Dollar”
After breaking 0.6735 downwards and expanding the range to the downside, AUDUSD has finished the ascending impulse and returned to the above-mentioned level. According to the main scenario, the price is expected to consolidate below 0.6740. Later, the market may break this range upwards and continue trading inside the uptrend with the target at 0.6800.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is being corrected towards 66.15. After that, the instrument may form a new descending structure with the predicted target at 65.20.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is consolidating around 1.3300. Possibly, the pair may grow to break 1.3319 and then continue trading inside the uptrend with the predicted target at 1.3355.
XAUUSD, “Gold vs US Dollar”
There was a gap at the beginning of today’s trading session, which helped Gold to reach 1550.50 and complete this growth. Possibly, today the pair may consolidate near the current highs. Later, the market may break 1535.00 and resume trading downwards with the first target at 1510.00.
BRENT
Brent is consolidating near the lows. According to the main scenario, the price is expected to break 59.20 upwards and reach the first target at 59.90. However, the pair may choose an alternative scenario to fall to form a new descending structure to reach 57.60 first and then start another towards the above-mentioned target.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is forming a wide consolidation range. Possibly, today the pair may fall to break the downside border at 9944.00 and then continue trading inside the downtrend with the predicted target at 9400.00.
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.
