Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is still trading downwards. Possibly, the pair may reach 1.1661 and then form a new ascending structure to continue the correction towards 1.1818 (an alternative scenario). According to the main scenario, the instrument may continue trading to the downside with the target at 1.1450.
Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD continues falling. Possibly, the pair may reach 1.3178 and then form another ascending structure towards 1.3375 to continue the correction (an alternative scenario). According to the main scenario, the instrument may continue trading downwards with the target at 1.3000.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating around 0.9925. If later the instrument breaks this range to the upside, the market may continue trading upwards to reach 1.0020; if to the downside – resume falling inside the downtrend with the target at 0.9850 (an alternative scenario). According to the main scenario, the price may continue trading to the upside with the target at 1.0100.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading downwards. Today, the price may reach 110.60 and then resume growing inside the uptrend towards 111.08. Later, the market may fall with the first target at 109.58.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has completed the consolidation range and broken it downwards. Possibly, today the pair may fall towards 0.7390 and then form another ascending structure to reach 0.7511 and continue the correction (an alternative scenario). According to the main scenario, the instrument may continue trading to the downside with the target at 0.7285.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has reached 62.00. Today, the price may consolidate around this level. Later, the market may break this range downwards and continue trading to reach the short-term target at 60.00.
XAUUSD, “Gold vs US Dollar”
Gold has reached the correctional target and may extend the structure towards 1242.00. After that, the instrument may form a new ascending structure with the short-term target at 1270.00.
Brent is still consolidating around 77.70. Today, the price may fall to reach 77.15 and then start another ascending structure. Later, the market may break this range to the upside and continue trading towards the short-term target at 80.52. The main target is at 82.00.
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.