Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has completed the correctional wave. We think, today the price may break the ascending channel and fall towards 1.1600. Later, in our opinion, the market may grow with the target at 1.1666, reverse to break 1.1600 to the downside, and then continue falling to reach 1.1530.
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GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has finished the ascending wave and completed the correction. Possibly, today the price may break 1.3085 downwards and continue falling inside the downtrend to reach 1.2990.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is moving upwards with the target at 1.0012. After that, the instrument may fall towards 0.9967 and then start another growth to reach 1.0070.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is moving upwards to reach 114.00. Later, in our opinion, the market may fall towards 113.50 and ten resume growing inside the uptrend to reach 115.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is moving downwards. Possibly, the price may reach 0.7615. After that, the instrument may start another correction with the first target at 0.7800.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading above 59.00. The main scenario implies that the instrument may continue the correction toward 58.60 and then resume growing to reach 59.00.
XAU USD, “Gold vs US Dollar”
Gold has broken 1279 downwards and may continue falling to reach 1268. Later, in our opinion, the market may grow towards 1279 and then 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 65.50; if to the downside – continue the correction to reach 61.00. After that, the instrument may start another growth with the target at 66.70.
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.