Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is consolidating around 1.1444; this range may be considered as the center of the correctional continuation pattern towards 1.1406. After that, the instrument may form one more ascending structure to reach 1.1515. However, if the price breaks the upside border of the range at 1.1470 without forming any descending structures, the pair may start trading towards 1.1515 at once. Later, the market may resume falling with the target at 1.1400.
GBPUSD, “Great Britain Pound vs US Dollar”
Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
GBPUSD has broken 1.2744 downwards and completed the first descending structure at 1.2713. Possibly, today the pair may continue falling with the first target at 1.2695. After that, the instrument may start a new growth to return to 1.2744.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still consolidating around 0.9805. If later the instrument breaks this range to the upside, the pair may continue the correction towards 0.9847; if to the downside – resume falling to reach 0.9775 and then form one more ascending structure with the target at 0.9876.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still trading upwards. Possibly, the pair may expand the range towards 109.37. Later, the market may be corrected to reach 107.65 and then continue the correction with the target at 111.37.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken its consolidation range upwards. Today, the pair may expand the range towards 0.7205 and then resume falling with the target at 0.7000. After that, the instrument may start a new growth to reach 0.7420.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is forming another consolidation range near the lows. Possibly, the pair may fall towards 66.50 and then start a new growth with the target at 68.14. Later, the market may resume falling to reach 65.60.
XAUUSD, “Gold vs US Dollar”
Gold is trading downwards to reach 1277.05. Later, the market may break this level and continue the third descending wave with the short-term target at 1259.50.
Brent has broken its consolidation range upwards. Today, the pair may reach 59.83. After that, the instrument may form a new descending structure towards 58.75 and then continue growing with the short-term target at 60.60.
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.