Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is still moving downwards. Today, the price may reach 1.1515 and then form another consolidation range between 1.1560 and 1.1480. If later the pair breaks this range to the downside, the instrument may continue falling inside the downtrend with the target at 1.1414.
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GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is also moving downwards and forming a downside continuation pattern around 1.2870. The instrument is expected to break the pattern to the downside and reach the target at 1.2727.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading upwards to break 0.9980. Later, the market may continue growing with the short-term target at 1.0066.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving downwards. Possibly, the pair may reach 110.63 and then grow towards 110.94. After that, the instrument may resume falling inside the downtrend with the first target at 110.30.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is also moving downwards. Possibly, today the pair may reach 0.7306 and then start another correction towards 0.7370. Later, the market may resume falling inside the downtrend with the target at 0.7288.
USDRUB, “US Dollar vs Russian Ruble”
After a gap that took place during the trading session opening, USDRUB has completed another ascending wave. Today, the price may form the fifth descending structure to reach 50.50. The instrument is expected to form a new consolidation range with a reversal pattern near the current highs. The first target is at 63.40.
XAUUSD, “Gold vs US Dollar”
Gold is moving downwards. Possibly, today the pair may break 1209.00. The main downside target is at 1200.00.
Brent is still consolidating close to the downside border of the Triangle pattern. If later the instrument breaks this range to the downside, the price may fall to reach 70.90; if to the upside – resume trading upwards with the target at 73.90.
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.