Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
After completing the descending structure at 1.1200, EURUSD is expected to continue the correction and grow to reach 1.1250, at least. Later, the market may form a new descending structure with the target at 1.1150.
GBPUSD, “Great Britain Pound vs US Dollar”
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After reaching its downside target at 1.2315, GBPUSD is correction to reach 1.2387, at least, or even 1.2425. After that, the instrument may resume falling with the target at 1.2275.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving upwards to break 69.70 and may continue the correction towards 70.34. After that, the instrument may start a new decline to return to 69.70 and then form one more ascending structure with the short-term target at 70.84.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating below 107.36. Possibly, today the pair may fall towards 106.76 and then form one more ascending structure to break 107.36. Later, the market may continue trading upwards with the short-term target at 107.85.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating around 0.9474. Today, the pair may fall towards 0.9452 and then grow to return to 0.9474. Later, the market may start a new descending correction with the target at 0.9444.
AUDUSD, “Australian Dollar vs US Dollar”
After reaching the short-term downside target at 0.6840, AUDUSD is expected to correct towards 0.6900. After that, the instrument may start a new decline to break 0.6830 and then continue trading downwards with the target at 0.6785.
Brent is falling to reach 39.64. After that, the instrument may start consolidating. If later the price breaks this range to the downside, the market may resume trading downwards with the short-term predicted target at 37.60.
XAUUSD, “Gold vs US Dollar”
Gold is forming a narrow consolidation range around 1769.85. Possibly, the pair may continue growing towards 1780.50 and then start a new correction to reach 1769.50. Later, the market may form one more ascending structure with the short-term target at 1791.85.
BTCUSD, “Bitcoin vs US Dollar”
After completing the descending wave at 8800.00, BTCUSD is expected to correct towards 9200.00 and test it from below. Later, the market may resume trading downwards to reach 8700.00 and then form a new consolidation range around it.
The Index is still falling towards 2963.4. After that, the instrument may form a new consolidation range. If later the price breaks this range to the downside, the market may resume trading inside the downtrend with the short-term predicted target at 2750.5.
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.