Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached the predicted target of the descending structure and right now is consolidating near the lows. If later the instrument breaks this consolidation range to the downside, the market may extend this wave twice and reach 1.1850; if to the upside – grow with the target at 1.2018.
GBP USD, “Great Britain Pound vs US Dollar”
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The GBP/USD pair is still falling towards 1.3117. Later, in our opinion, the market may grow to reach 1.3171 and then start another decline with the target is at 1.3037.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has reached the predicted target of the ascending structure. Possibly, today the price may continue consolidating at the top of this wave. If later the instrument breaks this consolidation range to the upside, the market may continue growing towards 0.9614; if to the downside – start another correction with the target at 0.9526.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has reached the predicted target of the ascending structure. We think, today the price may start falling towards 108.35 and then grow to reach 109.02, thus forming another consolidation channel. If later the instrument breaks this channel to the upside, the market may grow towards 110.47; if to the downside – fall with the target at 107.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading downwards to reach 0.7984. After that, the instrument may grow towards 0.8050 and form another consolidation range. If later the instrument breaks this range to the downside, the market may continue the correction to reach 0.7860; if to the upside – grow with the target at 0.8130.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is being corrected towards the target at 57.38. Possibly, the price may form another ascending structure to reach the target. Later, in our opinion, the market may continue falling inside the downtrend with the target at 56.40.
XAU USD, “Gold vs US Dollar”
Gold has broken the ascending channel. Possibly, today the price may test 1331.95 from below. After that, the instrument may fall towards 1305.00 and then start another correction with the target at 1332.00.
Brent is trading upwards with the target at 54.10. Possibly, the price may form another descending structure to reach 52.85 and then continue growing towards 55.15.
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.