Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has finished the second descending impulse and right now is being corrected. Today, the price may form the third descending impulse with the target at 1.2282. Later, the market may start another growth to return to 1.2339 and then resume falling to reach 1.2222.
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GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has reached the target of the ascending structure. Possibly, today the price may consolidate at the top and form a reversal pattern. After breaking 1.4216 to the downside, the instrument may form another descending structure with the first target at 1.4145.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating around 0.9617. Today, the price may grow to reach 0.9677, break it, and then continue growing towards 0.9700. After that, the instrument may start another correction with the target at 0.9450.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has finished the five-wave ascending structure and right now is forming a new descending one with the first target at 106.97. Later, the market may continue growing towards 107.36 and may resume trading to the downside to reach 106.56.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed the first descending impulse along with the correction. Possibly, today the price may form the second impulse towards 0.7745. The instrument is expected to form the wave with the target at 0.7687.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has returned to 62.00. Today, the price may fall towards 61.00. After that, the instrument may start the fifth wave to reach 66.00.
XAUUSD, “Gold vs US Dollar”
Gold is forming the fourth structure of the correction. Possibly, the price may reach 1350.00. However, the main scenario implies that the market may form another descending wave with the target at 1327.00.
Brent has reached the short-term target of the ascending wave and right now is consolidating at the top of the third wave. Possibly, the price may reach 73.44 and then form the fourth correctional wave to return to 68.00. Later, the market may start the fifth wave with the target at 74.00.
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.