Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is consolidating around 1.1037. Possibly, today the pair may fall to break 1.1024 and then continue trading inside the downtrend with the first target at 1.0997.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating at the top of the ascending wave. According to the main scenario, the price is expected to form the first descending impulse towards 1.2200 and then resume trading upwards with the first target at 1.2280.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is forming the second ascending impulse with the target at 0.9892. Later, the market may form a new descending structure to reach 0.9870 and then resume trading upwards with the first target at 0.9913.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating at the top. Today, the pair may fall to reach 106.52 and start a new growth towards 106.80. After that, the instrument may continue trading downwards with the first target at 106.20.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating above 0.6809. Today, the pair may form a new descending structure to reach 0.6783 and then return to 0.6809. Later, the market may start another decline with the target at 0.6760.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating below 66.12. Possibly, the pair may trade downwards to break 65.60 and then continue falling with the first target at 65.20.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has completed the ascending impulse along with the correction. Today, the pair may grow to reach 1.3296 and then start a new correction towards 1.3250. After that, the instrument may form one more ascending structure with the target at 1.3350.
XAUUSD, “Gold vs US Dollar”
Gold has completed the descending impulse at 1508.33; right now, it is consolidating. Possibly, the pair may continue moving downwards to reach 1478.78. However, if the price grows to break 1522.20, the instrument may start a new correction towards 1537.70 and then resume trading downwards to return to 1508.30.
BRENT
Brent has finished the ascending wave at 62.60; right now, it is correcting towards 60.06. After that, the instrument may resume trading inside the uptrend with the target at 64.25.
BTCUSD, “Bitcoin vs US Dollar”
After forming the descending impulse, BTCUSD has completed the correction at 10715.00. Today, the pair may fall to reach 10430.00. However, if later the price breaks this level to the downside, the instrument may continue trading inside the downtrend with the first target at 9900.00.
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.
