Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is about to complete the ascending structure with the target at 1.1666 and finish the correction. Later, in our opinion, the market may trade to the downside and reach 1.1530.
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GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is forming the fifth correctional structure. The target is at 1.3194. After that, the instrument may resume falling to reach 1.3000.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is still consolidating in the middle of the range. We think, today the price may grow towards 0.9975 and then form another descending structure to reach 0.9915 to complete the correction. After that, the instrument may start another growth towards 1.0100.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is forming the fifth correctional structure. Possibly, the price may reach 113.03. Later, in our opinion, the market may resume growing inside the uptrend to reach 115.00 and finish the ascending wave.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is consolidating near the lows. Possibly, today the price may grow to reach 0.7700 and then fall towards 0.7615. After that, the instrument may resume growing with the first target at 0.7700.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading above 58.60 and may continue forming this ascending wave. The local target is at 60.21. To confirm this scenario, the market has to fall toward 58.58 to test it from above and then grow to break the upside border of the range. After that, the instrument may start another correction to return to 58.58.
XAU USD, “Gold vs US Dollar”
Gold is consolidating around 1279. We think, today the price may move downwards to reach 1279, break it, and then continue falling towards 1267. An alternative main scenario implies that the instrument may break the range upwards and continue the correction to reach 1295. Later, in our opinion, the market may start another decline with the target at 1250.
Brent is consolidating around 63.80. If later the instrument breaks this range to the upside, the market may grow towards 65.65; if to the downside – continue the correction to reach 60.60.
RoboForex Analytical Department
Article By RoboForex.com
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.