Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has reached the target at 1.0988; right now, it is moving upwards to reach 1.1030. Later, the market may start a new correction towards 1.1004 and then form one more ascending structure with the target at 1.1050.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has broken 1.2855 to the upside. Possibly, the pair may expand the range towards 1.2895 and then start another decline to return to 1.2955, thus forming a new consolidation range. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 1.2950; if to the downside – continue the correction to reach 1.2760.
USDCHF, “US Dollar vs Swiss Franc”
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USDCHF is forming the second rising impulse to break 0.9895. Later, the market may break this level and then continue trading upwards with the short-term target at 0.9917.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has extended the descending wave at 108.40; right now, it is moving upwards with the target at 108.71. After that, the instrument may start a new correction towards 108.48 and then form one more ascending structure with the short-term target at 108.95.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached its short-term target at 0.6773; right now, it is moving upwards with the target at 0.6797. Later, the market may start a new correction towards 0.6783 and then form one more ascending structure to reach 0.6805. After that, the instrument may break this level and continue growing with the short-term target at 0.6827.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has broken 64.28; right now, it is correcting towards 63.95. Later, the market may resume trading upwards with the target at 64.64.
USDCAD, “US Dollar vs Canadian Dollar”
After completing the ascending wave at 1.3268 and starting a new structure to the downside, USDCAD has broken 1,3235. Possibly, the pair may continue falling towards 1.3198. After that, the instrument may start a new correction to reach 1.3235.
XAUUSD, “Gold vs US Dollar”
Gold has reached its upside target at 1473.37; right now, it is falling with the first target at 1463.50. After that, the instrument may start another growth towards 1468.94 and then form a new descending structure to reach 1459.33.
BRENT
Brent has failed to fix above 63.03; right now, it is moving downwards. Today, the pair may fall to reach 61.98. If later the price breaks this level to the downside, the market may continue trading inside the downtrend with the target at 61.30.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD has broken 8550.00 downwards. Possibly, today the pair may test this level from below and then resume trading inside the downtrend with the target at 8424.00. Later, the market may break this level and continue falling to reach 8050.00.
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.
