Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has broken its consolidation range to the downside and reached the short-term target of the third descending wave; right now, it is consolidating. Possibly, today the pair may be corrected to reach 1.1324 and then fall with the short-term target at 1.1266.
GBPUSD, “Great Britain Pound vs US Dollar”
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GBPUSD is still forming the fifth descending structure with the target at 1.2650. Today, the pair may grow towards 1.2777. After that, the instrument may fall to reach 1.2696 and then form one more ascending structure to return to 1.2777. Later, the market may resume falling inside the downtrend towards the above-mentioned target.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has reached the short-term upside target. Possibly, today the pair may be corrected towards 0.9967 and then start another growth to reach 1.0007. Later, the market may form a new correction to return to 0.9967 and then resume trading upwards with the target at 1.0063.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed the third ascending wave at 113.85. Possibly, today the pair may form a new descending structure towards 113.24 and then resume trading upwards to reach 114.17, thus forming form the Double Top pattern.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating around 0.7230. Today, the pair may break this level downwards and reach the target at 0.7185. And that’s just a half of the third descending wave. The key target is at 0.7100.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating at the top. Possibly, today the pair may fall to break 65.60 and then continue forming the third descending wave with the short-term target at 64.00.
XAUUSD, “Gold vs US Dollar”
Gold has completed the first descending wave; right now, it is consolidating. Possibly, the pair may be corrected upwards to reach 1220.50. After that, the instrument may continue trading inside the downtrend with the short-term target at 1197.80.
Brent is forming the first ascending impulse towards 61.50. Later, the market may form a new descending structure to reach 59.95 and then resume growing towards the short-term target of the first ascending wave at 66.70.
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.