Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is consolidating near the lows. If later the instrument breaks this range to the downside, the price may continue trading downwards to reach 1.1550; if to the upside – form a new ascending structure with the target at 1.1725.
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GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD continues falling. Possibly, the pair may reach 1.3140 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 has broken 0.9985. Possibly, today the pair may fall to return to this level and then continue growing to reach the short-term target at 1.0067.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has almost competed one more ascending structure. Today, the price may consolidate near the highs, break the range downwards, and start another descending wave to reach the first target at 110.05.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is moving upwards to reach 0.7430. After that, the instrument may form another descending structure towards 0.7348 and then start another growth to reach 0.7520. Later, the market may resume trading to the downside with the target at 0.7285.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 62.00. Today, the price may form a new ascending structure towards 62.50 and then fall to return to 61.50. After that, the instrument may breaks this range downwards and continue trading to the downside with the short-term target at 60.60.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating near the lows. Possibly, today the pair may grow towards 1251.00 and then return to the downside border. If later the instrument breaks this range to the upside, the price may continue trading upwards to reach 1270.00; if to the downside – continue falling towards 1234.00.
Brent has reached the main downside target. Possibly, today the pair may grow to break 75.15 and then continue trading to the upside to return to 76.30.
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.