Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After forming the consolidation range around 1.0985 and breaking it upwards, EURUSD has completed the descending impulse from 1.1031 along with the correction. Possibly, today the pair may form the second impulse to reach 1.0944 and then start another correction towards 1.1088. Later, the market may resume trading downwards with the target at 1.0985.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is moving upwards. Possibly, the pair may a new wave to the upside to reach 1.2551 and then start another decline towards 1.2382. After that, the instrument may resume trading upwards with the target at 1.2565.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is moving upwards. Today, the pair may reach 0.9981 and then form a new descending structure 0.9976. After that, the instrument may continue trading upwards with the target at 1.0014.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving upwards as well; it has broken 107.70 and right now is forming a continuation pattern. Possibly, today the pair may grow to reach 108.34 and then fall to return to 107.70. Later, the market may form one more ascending structure with the target at 108.87.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed the ascending wave at 0.6780; the structure of the fifth wave implies further growth towards 0.6793. Later, the market may start a new correction to the downside with the target at 0.6725.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is falling towards 64.30. Possibly, today the pair may reach this level and then resume trading upwards with the target at 64.82. Later, the market may start another decline to reach 64.10.
USDCAD, “US Dollar vs Canadian Dollar”
After breaking the consolidation range to the downside, USDCAD has fallen towards 1.3273. Today, the pair may start another correction to reach 1.3309 and then form a new descending structure towards with the target at 1.3289.
XAUUSD, “Gold vs US Dollar”
After breaking 1501.60 to the downside, Gold has reached 1492.30; right now. it is consolidating around 1494.50. According to the main scenario, the price is expected to form one more ascending structure to return to 1501.60 to test it test below and then resume trading inside the downtrend with the first target at 1486.60.
BRENT
Brent is moving upwards. Possibly, today the pair may reach 60.33 and then consolidate around it. After breaking this range to the upside, the instrument may resume trading upwards with the predicted target at 63.63.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is growing towards 8700.00. Today, the pair may reach this level and then start a new decline with the target at 8400.00. Later, the market may form one more ascending structure towards 9000.00.
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.
