Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has broken the low of the descending impulse and right now is still trading downwards. Possibly, today the pair may fall with the short-term target at 1.1270. After that, the instrument may start a new correction towards 1.1360 and then resume trading inside the downtrend to reach 1.1230.
GBPUSD, “Great Britain Pound vs US Dollar”
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GBPUSD is still consolidating; right now, it is trading close to its downside border. Today, the pair may reach the short-term target at 1.2650.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has broken 0.9960 upwards and right now is trading upwards with the short-term target at 0.9997. Later, the market may return to 0.9960 and then start another growth towards 1.0007.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading upwards to reach 113.41. After that, the instrument may form a new descending structure to break 112.58 and then continue falling inside the downtrend with the short-term target at 111.72.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating around 0.7236; right now, it is trading downwards to reach 0.7188. If later the instrument breaks this level to the downside, the price may continue trading inside the downtrend with the short-term target at 0.7100.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is trading upwards; it has broken 66.11 to the upside and many continue growing towards 66.90. Later, the market may resume trading to reach 64.40.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating around 1224.60. Possibly, the price may form a new descending structure to reach 1219.00 and then start another growth to return to 1224.60. Later, the market may break this range to the downside and resume falling with the first target at 1206.70.
Brent is consolidating above 59.00. Possibly, the price may form one more ascending structure to reach 65.65 and then resume falling towards 62.00. After that, the instrument may form the third structure with the short-term target at 68.88.
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.