Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached the local downside target. We think, today the price may start another correction to reach 1.1967 at least and then resume falling towards 1.1900. Later, in our opinion, the market may be corrected once again with the target at 1.2000. Possibly, the price may extend this wave towards 1.1840.
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GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has broken 1.3520 downwards. The local downside target at 1.3455.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has reached the local target. Taking into account that the price has broken the channel of the fifth descending wave, we may consider the current consolidation range as an upside continuation pattern. After breaking 0.9843 upwards, the instrument may extend the structure towards 0.9923.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has completed the descending structure. Possibly, today the price may trade upwards to reach 112.83. Later, in our opinion, the market may fall to break 112.14 and then continue moving to the downside with the local target at 111.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has broken the low of the first descending impulse and right now is forming a downside continuation pattern. The local target is at 0.7777. After that, the instrument may grow towards 0.7820 and then resume falling to reach 0.7766.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has reached the local target of the descending structure. Possibly, today the price may be corrected towards 57.35 and then continue falling inside the downtrend to reach 56.55.
XAU USD, “Gold vs US Dollar”
Gold has broken its consolidation range downwards and right now is forming a downside continuation pattern. Possibly, the price may reach the local target at 1297.52.
The market was opened with a gap up; Brent continues moving upwards. Possibly, the price may reach the next target at 69.93. Right now, the pair may fall towards 68.80 to eliminate the gap. After that, the instrument may continue growing inside the uptrend to reach the local target at 70.97.
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.