Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached the local upside target; it has already finished the descending impulse and broken its low. We think, today the price may test 1.0736 from below and then fall towards the target at 1.0695. Later, in our opinion, the market may be corrected to reach 1.0736. The instrument is expected to form another consolidation channel. After breaking it downwards, the pair may continue falling to reach 1.0620.
GBP USD, “Great Britain Pound vs US Dollar”
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The GBP/USD pair is still consolidating at the top of the ascending wave. Possibly, today the price may continue falling to reach 1.2720 and then start another growth with the target at 1.2860, thus forming another consolidation range. After breaking it downwards, the instrument may be corrected to reach 1.2550.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has reached the local downside target; the instrument has already finished the ascending impulse and broken its high. Possibly, the price may grow towards 1.0000 and then fall with the target at 0.9965. Later, in our opinion, the market may grow to reach 1.0040.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has reached the target of the five-wave structure and right now is trading to break the channel of this structure. Possibly, the price may fall to reach 108.75.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is growing towards 0.7555. After that, the instrument may form anther descending wave to break 0.7500. The target is at 0.7420.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is expected to continue consolidating around 56.00. Later, in our opinion, the market may break this range to the downside to reach 55.50.
XAU USD, “Gold vs US Dollar”
Gold continues trading without any particular direction; it is forming another consolidation range around 1281. After that, the instrument may fall towards 1270 and then test 1281 from below. Later, in our opinion, the market may start moving downwards to reach 1267.
Brent is consolidating at its lows. Possibly, the price may fall towards 52.83. After that, the instrument may grow with the target at 54.26.
RoboForex Analytical Department
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.