Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is still consolidating around 1.1377 and trying to expand it upwards. Possibly, the pair may reach 1.1414 or even 1.1500 (an alternative scenario). According to the main scenario, the price is expected to resume trading inside the downtrend with the target at 1.1295.
GBPUSD, “Great Britain Pound vs US Dollar”
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GBPUSD has finished the descending structure; right now, it is trading near the lows. Possibly, the pair may grow towards 1.2860. After that, the instrument may resume falling inside the downtrend with the short-term target of the fifth descending wave at 1.2655.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading upwards. Possibly, today the pair may reach 1.0007. Later, the market may form a new descending structure towards 0.9970 and then start another growth with the target at 1.0063.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading downwards with the target at 112.25. After that, the instrument may form one more ascending structure towards 114.15 and then resume falling to reach 113.25.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating at the top. Possibly, the pair may expand the range towards 0.7273. Later, the market may form one more ascending structure to reach 0.7349 and then resume falling inside the downtrend with the target at 0.7190.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has broken 66.43 downwards. Today, the pair may fall to break 65.60 and then continue trading inside the downtrend with the short-term target at 64.00.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating in the center of the range at 1224.05. If later the instrument breaks 1229.20 to the upside, the price may start another growth to reach 1250.30; if 1220.10 to the downside – resume trading inside the downtrend with the target at 1190.30.
Brent has completed the ascending structure at 59.90; right now, it is consolidating around it. If later the instrument breaks this range to the upside, the price may form one more ascending structure with the first target at 62.22; if to the downside – resume falling towards 57.33 and then start another growth to reach the above-mentioned target.
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.