Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is consolidating at the top of the ascending wave. Possibly, the price may break this range to the downside and reach 1.1979. Later, in our opinion, the market may grow to reach 1.2000 and then start another descending structure with the first target at 1.1884.
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GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has completed the third structure of the descending wave along with the correction. Possibly, today the price may fall inside the fifth structure to reach the first target at 1.3422.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is trading upwards. We think, today the price may form another ascending wave towards 0.9888. After that, the instrument may be corrected to reach 0.9800.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is moving downwards. The next target is at 110.68. Later, in our opinion, the market may form another consolidation range and then continue moving to the downside towards 110.20.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is still consolidating at the top of the ascending structure. We think, today the price may fall to break 0.7815. The target of the correction is at 0.7666.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is moving downwards. The main downside target is at 56.55. Possibly, today the price may fall to reach 55.88, because the instrument is forming the fifth wave with extensions.
XAU USD, “Gold vs US Dollar”
Gold is moving upwards. Possibly, today the price may fall towards 1310 and then grow to reach 1318. Later, in our opinion, the market may break 1305 downwards. The local target is at 1295.
Brent continues rising; it has reached 70.00 and right now is being corrected. Possibly, the price may reach 69.00. After that, the instrument may continue growing inside the uptrend with the target at 71.00.
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.