Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is consolidating around 1.1040. Possibly, the pair may choose an alternative scenario and grow towards 1.1080. According to the main scenario, the price is expected to continue trading inside the downtrend with the target at 1.0985.
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
After completing the ascending wave at 1.2555, GBPUSD has formed the first descending impulse along with the correction. Possibly, today the pair may form the second impulse to break 1.2521. The target is at 1.2480.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has completed the correction at 0.9900; right now, it is consolidating above this level. Possibly, the pair may expand the range towards 0.9895 and then start another growth to reach 0.9955.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving downwards with the target at 107.61. After that, the instrument may form one more ascending structure towards 107.81 and then resume trading downwards to reach 107.44.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating around 0.6781. Possibly, the pair may expand the range towards 0.6775 and then start a new growth to break 0.6808. Later, the market may continue trading upwards with the target at 0.6840.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving downwards. Possibly, the pair may break 63.82 and then continue falling to reach 63.30. After that, the instrument may start a new correction with the target at 64.15.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is correcting towards 1.3232 and may later grow to reach 1.3270, thus forming a new consolidation range. If the price breaks this range to the upside at 1.3270, the instrument may continue growing with the target at 1.3300; if to the downside at 1.3232 – form a new descending structure towards 1.3200 and then resume trading upwards to reach the above-mentioned target.
XAUUSD, “Gold vs US Dollar”
Gold continues consolidating around 1497.66. Today, the pair may expand the range towards 1500.00 and then form a new descending structure to break 1488.44. After that, the instrument may continue trading downwards with the target at 1472.00.
After finishing the ascending impulse at 65.30, Brent has completed the correction at 64.30. Possibly, today the pair may break this range to the upside. The first target is at 67.67. If the price falls to update the low at 63.44 and breaks it, the instrument may choose and alternative scenario to continue trading downwards with the target at 60.60. According to the main scenario, the instrument is expected to trade inside the uptrend towards 71.30.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD has returned to 10180.00. Today, the pair may consolidate around this level. If later the price breaks this range to the downside at 10090.00, the instrument may resume trading downwards with the first target at 9500.00.
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.