Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is consolidating around 1.0971. Possibly, today the pair may break this level to the downside to reach the target at 1.0950. If this level is broken as well, the instrument may continue trading inside the downtrend with the first target at 1.0903.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has finished the first descending impulse at 1.2277; right now, it is correction with the target at 1.2355. After that, the instrument may start the second impulse to break 1.2266 and then continue trading downwards with the second target at 1.2197.
USDCHF, “US Dollar vs Swiss Franc”
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
After completing the descending correction at 0.9933, USDCHF has formed the ascending impulse towards 0.9966. Possibly, the pair may start a new decline to reach 0.9940, thus forming a new consolidation range. If later the price breaks this range to the upside at 0.9966, the instrument may start a new growth with the first target at 0.9988.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving upwards to reach 107.17. Later, the market may start a new correction towards 106.80 and then form one more ascending structure with the first target at 108.00.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached the target of the second ascending impulse; right now, it is correcting with the target at 0.6731 at least. After that, the instrument may continue trading upwards with the first target at 0.6794.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has reached 64.60; Today, the pair may start another correction with the target at 65.04. Later, the market may continue trading inside the downtrend with the first target at 64.50.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is consolidating around 1.3321. Possibly, today the pair may fall towards 1.3295 to finish the correction. After that, the instrument may form one more ascending structure with the target at 1.3373.
XAUUSD, “Gold vs US Dollar”
Gold has completed the first descending impulse along with the correction. Today, the pair may form the second descending impulse to break 1495.70 and then continue trading downwards with the second target at 1478.60.
BRENT
Brent is forming the first ascending impulse towards 60.25. Later, the market may start a new correction to reach 58.50 and then form one more ascending structure to break 61.22. After that, the instrument may continue trading upwards with the second target at 64.05.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD has completed the correction by reaching 7800.00. Today, the pair may start another growth towards 7940.00 and then form a new descending structure to reach 78500.00, thus forming a consolidation range. If later the price breaks this range to the upside, the instrument may resume trading upwards with the target at 8125.00; if to the downside at 1.3200 – continue the downtrend towards 7647.00.
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.
