Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After completing the correctional Flag pattern, EURUSD has formed another descending impulse along with the correction. Today, the pair may fall to break 1.1285 and then continue trading inside the downtrend with the short-term target at 1.1260.
GBPUSD, “Great Britain Pound vs US Dollar”
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GBPUSD has completed the descending impulse along with the correction. Possibly, today the pair may form a new descending structure to break 1.3060 and then continue falling with the short-term target at 1.3014.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has finished the ascending impulse; right now, it is being corrected. After that, the instrument may form one more ascending structure with the first target at 1.0069.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed another ascending structure. Today, the pair may start a new decline to reach 111.58 and then resume growing towards 111.90, thus forming a new consolidation range. If later the price breaks range to the upside, the instrument may extend the structure towards 112.35; if to the downside – resume trading inside the downtrend with the first target at 110.80.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading upwards. Possibly, the pair may choose an alternative scenario and continue the correction towards 0.7199. Today, the pair may form a new descending structure to reach 0.7135 and then start another growth with the target at 0.7170.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 64.30. Today, the pair may fall to reach 63.98 and then form one more ascending structure to return to 64.30. Later, the market may resume trading inside the downtrend to break 63.90.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating around 1291.88. Possibly, the pair may expand the range towards 1298.90 and then start a new decline to reach 1285.35. After that, the instrument may break the range to the downside and resume trading downwards with the short-term target at 1260.00.
Brent is consolidating around 71.00. Possibly, the pair may break 71.70 to the upside and resume trading inside the uptrend to reach 72.80. However, if this range is broken downwards, the market may be corrected towards 70.40 and then form one more ascending structure towards 73.15.
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.