Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has reached the first target of the descending channel and right now is being corrected towards 1.1820. Later, the market may fall to reach 1.1700, break it, and then continue falling inside the downtrend towards the short-term target at 1.1593.
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GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is falling towards 1.3325. Possibly, the price may break it and then continue falling towards the first target at 1.3266. After that, the instrument may start another growth to reach 1.3360 and then resume falling towards 1.3180.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is growing towards 0.9900. Later, the market may fall towards 0.9845 and then grow to reach the short-term target at 0.9960.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed the descending wave along with the correction and formed another consolidation range. If later the pair breaks this range to the downside, the market may fall towards 107.90; if to the upside – start another growth to test 110.24 again.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has finished the first descending wave and right now is being corrected. Possibly, the price may grow towards 0.7620 and then fall to reach the short-term target at 0.7540.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has broken its consolidation channel upwards, reached the first upside target, and then returned to the channel’s broken border. Possibly, today the price may form a new ascending structure towards 63.20. Later, the market may continue trading to the downside with the target at 61.18.
XAUUSD, “Gold vs US Dollar”
Gold is being corrected and forming the Flag pattern. Today, the price may fall towards 1288.00, break it, and then continue this decline to reach the short-term target at 1275.00.
Brent is forming a new ascending wave with the first target at 78.32. Today, the price may fall towards 75.80 and then grow to reach the above-mentioned target. Later, the market may fall to return to 75.80, thus forming another consolidation range. If later the pair breaks this range to the upside, the market may grow towards 80.50; if to the downside – continue the correction to reach 72.00.
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.