Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has reached the predicted target of the third descending wave; it may yet continue this structure towards 1.1286. Today, the pair may reach this level and then form one more ascending structure with the target at 1.1345. After that, the instrument may resume trading inside the downtrend to reach the first target at 1.1272.
GBPUSD, “Great Britain Pound vs US Dollar”
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GBPUSD is trading downwards and forming the third descending wave. The target is at 1.3062. Later, the market may resume growing to reach 1.3173 and the start a new decline to reach 1.2993.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still forming the third ascending wave. Possibly, today the pair may reach 1.0060 and then start a new correction towards 1.0020. After that, the instrument may continue growing with the target at 1.0103.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has reached the short-term target at 112.12. Today, the pair may be corrected towards 111.37 and then form another ascending structure to reach 112.40.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken 0.7060 downwards. Possibly, today the pair may reach 0.7009 and then start a new growth to return to 0.7060. Later, the market may resume trading inside the downtrend with the target at 0.6922.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 65.65 without any particular direction. If later the price breaks range to the upside, the instrument may continue growing to reach 66.20; if to the downside – resume trading inside the downtrend with the short-term target at 62.90.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating around 1286.45. If later the price breaks range to the upside, the instrument may be corrected to reach 1312.00; if to the downside – resume trading downwards with the target at 1276.80.
Brent has rebounded from 65.80; right now, it is falling towards 63.95. Later, the market may form one more ascending structure towards 68.40.
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.