Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD may choose an alternative scenario and form one more ascending structure to continue the correction towards 1.1320. However, the main scenario implies that the price may fall to reach 1.1240. Possibly, today the pair may fall towards 1.1275 and then form one more ascending structure with the target at 1.1320. Later, the market may resume trading inside the downtrend to reach 1.1240.
GBPUSD, “Great Britain Pound vs US Dollar”
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GBPUSD has almost completed the descending structure; right now, it is consolidating near the lows. Today, the pair may fall towards 1.2770 and then grow to reach 1.2831. After that, the instrument may start a new correction with the target at 1.2900.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating; it has reached the downside border. Possibly, today the pair may start a new growth towards the upside border at 1.0100. Later, the market may form a new descending structure to reach 1.0070 and then resume trading upwards with the target at 1.0110.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving downwards. Today, the pair may reach 110.17 and then form one more ascending structure towards 110.49. After that, the instrument may resume falling with the first target at 109.88.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating around 0.7093. Possibly, the pair may form a new descending structure towards 0.7030 and then resume trading upwards with the target at 0.7160.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has completed the ascending structure, which may be considered as a part of the Head & Shoulders reversal pattern. The target of the pattern is at 67.14. Possibly, today the pair may reach this target and then fall to break 66.83. On the other side, the price may to extend the structure towards 67.45.
XAUUSD, “Gold vs US Dollar”
Gold is still consolidating around 1308.25. If later the instrument breaks this range to the upside, the price may resume trading upwards to reach 1325.45; if to the downside – continue the correction towards 1290.40.
Brent is trading upwards. Today, the pair may reach 65.19 and then start a new decline towards 62.90, at least. Later, the market may form one more ascending structure with the target at 65.55.
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.